On 31 December 2012, the State Administration of Taxation (SAT) published an announcement (Gong Gao [2012] No.59) clarifying article 13 on capital gains with regard to China (People's Rep.) - Singapore Income Tax Treaty (2007) and its interpretation notice (Guo Shui Fa [2010] No.75). The announcement applies as from the date of publication (31 December 2012) and its content is summarized below. The immovable property referred in paragraph 4 of article 13 of China (People's Rep.) - Singapore Income Tax Treaty (2007) and in the interpretation notice (Guo Shui Fa [2010] No.75) includes all kinds of building constructions, land-use rights and assets attached to...