AIMA Singapore Webinar: New Singapore-India DTA
Please find following presentation slides which are only available to members with log-ins. The replay will be available soon.Presentation Slides
Singapore and India recently signed a protocol to revise their Avoidance of Double Taxation Agreement (DTA). In our APAC newsletter (June 2016 – here) we noted changes made to the India-Mauritius tax treaty and the direct implications for Singapore tax residents, about which we have been in contact with the Singapore Ministry of Finance, Inland Revenue Authority of Singapore and the Monetary Authority of Singapore to explore what steps could be taken to counter their effect.
The updated DTA preserves the existing tax exemption on capital gains for shares acquired before 1 April 2017, while providing a two year transitional arrangement for shares acquired on or after 1 April 2017, so that capital gains will be taxed at 50% of India’s domestic tax rate if the capital gains arise from the disposal of such shares during 1 April 2017 to 31 March 2019.
Hear from our panel as they provide an overview of the changes and analyse the implications for the alternative asset management industry.
Tejas Desai, Partner, Tax & Regulatory Services, EY
Rajesh Simhan, Partner, International Tax Practice, Nishith Desai Associates
Anuj Kagalwala, Asset Management and Wealth Management Tax Leader, PwC Singapore
Paul Hale, Managing Director, Global Head of Tax Affairs, AIMA
9:00am - London
2:30pm - India Standard Time
5:00pm - Singapore/Hong Kong