On 31 October 2014, officials from Singapore and the United Arab Emirates signed a protocol to the 1995 income tax treaty between the two countries. The protocol is the first to amend the treaty. The main amendments of the protocol are as follows: Withholding Tax Rates Dividends - reduced to 0% (originally 5%) Interest - reduced to 0% (originally 7%) Royalties - payments for the use of, or the right to use, industrial, commercial or scientific equipment is removed from the definition of royalties subject to withholding tax (5%) Independent Personal Services For an individual who is a resident of...