On 25 July 2014, the income tax treaty between Singapore and Liechtenstein entered into force. The treaty was signed 27 June 2013, and is the first of its kind between the two countries. Taxes Covered The treaty covers Singapore income tax, and the following Liechtenstein taxes: Personal income tax (Erwerbssteuer) Corporate income tax (Ertragssteuer) Corporation taxes (Gesellschaftssteuern) Real estate capital gains tax (Grundstücksgewinnsteuer) Wealth tax (Vermögenssteuer) Coupon tax (Couponsteuer) Service PE The treaty includes the provision that a permanent establishment will be deemed constituted when an enterprise of one Contracting State furnishes services in the other State through employees or...