Brazil ratifies income tax treaty with Singapore, making treaty fully effective

The treaty generally affects withholding taxes and other income taxes. For taxpayers in Brazil, the treaty's effective date may prove controversial.

In Decree 11,109, dated 29 June 2022, Brazil promulgated its income tax treaty with Singapore, which was previously signed in 2018. As Singapore already ratified the treaty, Brazil's promulgation is the final step in making the treaty fully effective.

Effective dates of Brazil-Singapore treaty

Article 30 governs the treaty's effective dates. For Brazil…