Serious India slaps capital tax on investments from Sinkapoor, why not take back 350,

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Serious India slaps capital tax on investments from Sinkapoor, why not take back 350,

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31-12-2016, 06:10 AM

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Serious India slaps capital tax on investments from Sinkapoor, why not take back 350,

An honorable member of the Coffee Shop Has Just Posted the Following:

http://www.straitstimes.com/asia/sou...pore-investors

India and Singapore have revised a bilateral tax agreement to allow India to start imposing capital gains tax on investments from Singapore from April next year and fully withdraw tax exemptions in two years.

This applies to the capital gains tax exemption for shares in a company, which is currently enjoyed by Singapore investments in India.

Visiting Singapore Deputy Prime Minister Tharman Shanmugaratnam and Indian Finance Minister Arun Jaitley yesterday finalised the terms of the revised bilateral Avoidance of Double Taxation Agreement, said Singapore's Ministry of Finance (MOF) in a statement.

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