Germany Publishes Ordinance on Application of Credit Method for Certain Capital Gains Under Tax Treaty with Singapore
Germany has published the Ordinance for the implementation of the notification of the application of the credit method for certain income under the 2004 tax treaty with Singapore. As per paragraph 1(e)(bb) of Article 24 (Avoidance of Double Taxation), Germany may notify items of income to which it intends to allow a tax credit for Singapore tax paid, rather than the standard exemption method u…
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