Our Say |
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| Singapore
will emerge as a good holding
Co location to invest in India;
given the favourable changes proposed
in the 2003 Singapore budget,
with regard to non-taxation in
Singapore of foreign dividends,
foreign branch income and foreign
services income.
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Under
the existing DTAA between India and Singapore,
the withholding tax rate on dividends is 10%
if the beneficial owner (i.e. the recipient)
is a company that owns at least 25% of the
shares of the company paying the dividend.
The
withholding tax rate for royalties is 15%
on copyrights and 10% for any industrial,
commercial
or
scientific
equipment.On
interest income- the tax rate is 10% of the
gross amount of interest, if such interest
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