The Inland Revenue Authority of Singapore has announced that the new protocol to the 1994 income tax treaty between India and Singapore entered into force on 27 February 2017. The protocol, signed 30 December 2016, is the third to amend the treaty. Changes to the treaty are summarized as follows: Capital Gains Taxation The main amendments to the treaty are in relation to Article 13 (Capital Gains) and the 2005 protocol to the treaty, which effectively provided an exemption from tax on gains from the alienation of shares in a company resident in a Contracting State, with the condition that...