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 under the treaty. The Ordinance provides that with effect from 1 January 2022, income taxable in Singapore under paragraph 3 of Article 13 (Capital Gains) will not be excluded (exempted) from the tax base in Germany,...