DTAs serve to relieve the double taxation of income that is earned in one jurisdiction by a resident of another. The Singapore – South Africa DTA which has been in force since 16 December 2016 provides relief from double taxation in the situation where income is subject to tax for both countries.
The provisions of the DTA apply to persons who are residents of one or both of the Contracting States. Please refer to IRAS for more information regarding the agreement between Singapore and South Africa for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.
Singapore and South Africa share good bilateral ties. The SCP was launched in 1992 to provide training programmes to other countries.
South Africa has been a high priority country under the SCP since 1993. Over 800 South African officials have undergone SCP training programmes, in topics such as economic development to trade and urban solutions. South Africa has the highest number of SCP participants among the African states.
With strong bilateral ties between both regions, Singapore businesses and investors are likely to find a welcoming environment in South Africa.