Singapore's Bilateral Agreements With Germany

The EUSFTA entered into force in November 2019. The key benefits of the EUSFTA include the elimination of customs duties by the 5^th year, liberal and flexible Rules of Origin for Singapore’s exports, improved market access to services sectors, enhanced opportunities in government procurement, reduction of technical and non-tariff barriers in key sectors, and the enhanced protection of intellectual property rights. Read More

The Singapore-Germany Double Tax Avoidance Agreement (DTA) 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 Germany for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income. Read More

The Germany-Singapore Bilateral Investment Treaty (BIT) is a legally-binding agreement between Germany and Singapore. It establishes rules on how Germany should treat investments and investors from Singapore and vice-versa. With the BIT, Singapore companies operating in Germany will enjoy protection on their investments, on top of the protection accorded under Germany’s domestic laws. Similarly, German companies operating in Singapore will also enjoy investment protection.

The BIT will grant investors from both countries the following key areas of protection:

• Non-discriminatory treatment compared to other foreign or local investors. (Most-Favoured-Nation treatment)
• Provided prompt, adequate and effective compensation in the event of nationalisation.
• Right for investors to submit dispute claims on behalf of their locally-established enterprise in the host state.
• Access to internal arbitration for investment disputes.
• Freedom to transfer capital and returns.