Germany, Singapore To Exchange Tax Info

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James Spader

Forum Moderator
Staff member
Germany and Singapore have recently agreed to enhance cooperation in tax matters to tackle cross-border tax evasion.

According to the finance ministry of Singapore, both sides have agreed to incorporate the internationally-agreed standard for exchange of information into their double taxation agreement.

The standard, as published in the Organization for Economic Cooperation and Development’s Model Tax Convention, allows exchange of information for the administration and enforcement of the domestic tax laws of the requesting country.

The finance ministry explains that, in line with the standard, the scope for exchanging information will be significantly expanded.

In future, it will be possible to exchange information for all types of tax, as the exchange of information will no longer be restricted to taxes on income and on capital. The exchange of information will no longer depend on the taxpayer being resident in one of the contracting states.

In addition, the requested state is obliged to obtain information even in a case where it does not itself require the requested information for tax purposes. Furthermore, banking secrecy will not constitute an obstacle to exchanging information.

The finance ministry states that both countries will explore ways to further enhance bilateral cooperation in tax matters in the future.

The agreement is due to enter into force following ratification of the text by both treaty partner states.


Offshore Agent
Yes, the agreement is applicable to the individual residents of either one or both Singapore and Germany. The said agreement is like to cover the taxes on income and capital covered on behalf of the contracting state of a land or a political subdivision or a local authority thereof irrespective of the manner in which they are levied.

The agreement covers the income tax, the corporation tax, the capital tax, the trade tax, and the supplements levied thereon in Germany. On the contrary, the agreement covers the existing income tax in Singapore, taxes levied on the resident of the contracting side and dividends paid by the company which is a resident of the contracting state. If the beneficiary holding at least 10 percent of the capital of the company paying the dividends will have to pay 5 percent of the gross dividend amount received by him, in other cases it is applicable up to 15 percent.


Corporate Services
Business Angel
Tax Information Exchange agreement means it is **** to do business there if privacy matters! Regardless how you are considering this if your country has signed a TIEA with the offshore jurisdiction in question you better stay away from there!

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