FTAs are treaties which make trade and investment between two or more economies easier. The Gulf Cooperation Council-Singapore Free Trade Agreement (GSFTA) entered into force in September 2013. The FTA aims to enhance Singapore's growing economic relations and trade with the Gulf Cooperation Council (GCC), consisting of six countries in the Middle East – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE. The GSFTA eliminates most tariffs (up to 99%) on Singapore exports into the GCC. Find out how you can benefit from tariff concessions with UAE.
DTAs serve to relieve the double taxation of income that is earned in one jurisdiction by a resident of another. The Singapore-United Arab Emirates (UAE) DTA signed in 1996 provides relief from double taxation in the situation where income is subject to tax for both countries. It was updated in 2016.
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 UAE for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income.