The Inland Revenue Authority of Singapore has announced the signing of an income tax treaty with Brazil on 7 May 2018. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Brazilian federal income tax and the social contribution on net profit, and covers Singapore income tax.
Service PE
The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise furnishes services within a Contracting State thr…