Keuntungan yang diperoleh perusahaan dari Pihak pada Persetujuan dari pemindahtanganan atas saham-saham perseroan yang lebih dari 50 persen nilai kekayaannya secara langsung atau tidak langsung berasal dari harta tak bergerak yang berada di Pihak lainnya pada Persetujuan dapat dikenakan pajak di Pihak lainnya tersebut. However, no such deduction shall be allowed in respect of amounts, if any, paid (other than towards reimbursement of actual expenses) by the permanent establishment to the head office of the enterprise or any of its other offices, by way of royalties, fees or other similar payments in return for the use of patents or other rights, or by way of commission, for specific services performed or for management, or, except in the case of a banking enterprise, by way of interest on money lent to the permanent establishment. Apabila di dalam jumlah laba terdapat penghasilan-penghasilan lain yang diatur secara tersendiri pada pasal-pasal lain, maka ketentuan pasal-pasal tersebut tidak akan terpengaruh ketentuan-ketentuan Pasal ini. 26 0 obj This also ensures certainty of international taxation rules for cross-border transactions, so as to avoid double taxation and promote global growth: Singapore has implemented all the internationally agreed standards for combating BEPS. A copy of the agreement, the Regulations and further information can be found on IRAS website. 0000006596 00000 n This site uses cookies to collect information about your browsing activities in order to provide you with more relevant content and promotional materials, and help us understand your interests and enhance the site. Persetujuan ini berlaku untuk pajak-pajak yang berlaku pada saat ini, yaitu: Persetujuan ini berlaku pula terhadap setiap pajak yang identik atau yang pada hakekatnya serupa yang dikenakan setelah tanggal penandatanganan Persetujuan ini sebagai tambahan atas, atau sebagai pengganti dari, pajak-pajak yang ada, atau pajak-pajak lainnya yang berada dalam cakupan ayat 1 atau ayat 2 dari Pasal ini yang dapat dikenakan oleh Pihak pada Persetujuan di masa mendatang. ), Payments to non-resident public entertainer (artiste, musician, sportsman, etc. Singapore also scores well with the 82 comprehensive tax treaties to date, whereas Hong Kong's tax treaty network stands at 38. endstream How do I seek assistance if I encounter a problem relating to the application of a particular DTA?The Mutual Agreement Procedure (MAP) Article of a DTA sets out the process to resolve issues relating to the application of the DTA.Taxpayers who wish to take up their issues under the MAP should approach the tax authority of the State in which they are a tax resident.More information on the MAP can be found on IRAS website here.4. I would definitely recommend the team of company formation experts at OpenCompanyHongKong.com to every foreign businessman that wants to establish a business here. Notwithstanding the provisions of paragraphs 1 and 2, items of income of a resident of a Contracting Party not dealt with in the foregoing Articles of this Agreement and arising in the other Contracting Party may also be taxed in that other Party. 2023-24 Budget - Tax Measures Tax Concessions for Family-owned Investment Holding Vehicles Foreign-sourced Income Exemption Relief Measure: Conditional waiver of surcharges for instalment settlement of demand notes for the Year of Assessment 2021/22 program yang dapat diikuti oleh orang pribadi untuk menjamin kenikmatan di masa tua dan yang diakui untuk tujuan perpajakan di Pihak pada Persetujuan. Pertukaran informasi ini tidak dibatasi dengan Pasal 1. Treaties withHong Kong and the United States cover only shipping and air transport activities. Please try again. Dalam hal demikian, jumlah kelebihan yang dibayarkan akan tetap dikenakan pajak sesuai dengan perundang-undangan masing-masing Pihak pada Persetujuan, dengan memperhatikan ketentuan-ketentuan lain dalam Persetujuan ini. Enterprises of a Contracting Party, the capital of which is wholly or partly owned or controlled, directly or indirectly, by one or more residents of the other Contracting Party, shall not be subjected in the first-mentioned Party to any taxation or any requirement connected therewith which is other or more burdensome than the taxation and connected requirements to which other similar enterprises of the first-mentioned Party are or may be subjected. 5 persen dari jumlah bruto piden jika pemilik saham yang memperoleh manfaat (beneficial owner) dari piden tersebut merupakan perseroan (selain dari persekutuan) yang memiliki secara langsung paling sedikit 25 persen dari modal perusahaan yang membayar piden; 10 persen dari jumlah bruto piden dalam hal-hal lainnya. Istilah harta tidak bergerak mempunyai pengertian sesuai dengan perundang-undangan Pihak pada Persetujuan di mana harta yang bersangkutan berada. Excludes interest on funds directly connected with the operation of ships or aircraft in international traffic. When determining whether Hong Kong or Singapore is a more appropriate jurisdiction, foreign enterprises should also consider the relevant Double Tax Treaties ("DTTs") (also referred to as Double Taxation Agreements or "DTAs" in Singapore) each have country has entered into. Untuk kepentingan Persetujuan ini, istilah penduduk Pihak pada Persetujuan berarti: orang pribadi yang ditetapkan bertempat tinggal (ordinarily resides) di Hong Kong SAR; orang pribadi yang tinggal di Hong Kong SAR selama lebih dari 180 hari dalam satu tahun pajak atau lebih dari 300 hari dalam dua tahun pajak berturut-turut salah satu di antara kedua tahun pajak yang relevan; perseroan yang didirikan di Hong Kong SAR atau, jika didirikan di luar Hong Kong SAR, yang secara lazimnya dikelola atau dikontrol di Hong Kong SAR; orang/badan lain yang dibentuk berdasarkan perundang-undangan Hong Kong SAR atau, jika dibentuk di luar Hong Kong SAR, secara lazimnya dikelola atau dikontrol di Hong Kong SAR; dalam hal Indonesia, orang/badan yang, menurut perundang-undangan di Indonesia, dapat dikenakan pajak berdasarkan domisilinya, tempat tinggalnya, tempat kedudukan manajemennya, tempat kedudukan terdaftarnya, atau atas kriteria lainnya yang sifatnya serupa, dan juga termasuk Pemerintah dari Pihak dan setiap bagian ketatanegaraan atau pemerintah daerah atau badan-badan pemerintahan. Pejabat-pejabat yang berwenang dari Pihak-pihak pada Persetujuan harus saling memberitahukan satu sama lain mengenai setiap perubahan-perubahan penting yang terjadi dalam perundang-undangan perpajakan mereka. Ketentuan-ketentuan pada ayat 3 sama sekali tidak akan ditafsirkan untuk memperbolehkan Pihak pada Persetujuan untuk menolak memberikan informasi karena informasi yang diminta tersebut dimiliki oleh bank, lembaga keuangan lainnya, nominee atau orang/badan yang bertindak sebagai agen atau kapasitas fidusier atau karena informasi yang diminta tersebut berkaitan dengan kepentingan kepemilikan di suatu badan. The existing taxes to which this Agreement shall apply are: in the case of the Hong Kong Special Administrative Region. Notes Singapore has no WHT on dividends over and above the tax on the profits out of which the dividends are declared. Insofar as it has been customary in a Contracting Party to determine the profits to be attributed to a permanent establishment on the basis of an apportionment of the total profits of the enterprise to its various parts, or on the basis of such other method as may be prescribed by the laws of that Party, nothing in paragraph 2 shall preclude that Contracting Party from determining the profits to be taxed by such apportionment or other method; the method adopted shall, however, be such that the result shall be in accordance with the principles contained in this Article. Lower rate for payments in connection with industrial, commercial, or scientific equipment. Information shall not be disclosed to any third jurisdiction for any purpose. Royalties shall be deemed to arise in a Contracting Party when the payer is a resident of that Party. Orbis Alliance has helped numerous companies around the globe. Sepanjang sudah menjadi kelaziman di Pihak pada Persetujuan untuk menetapkan besarnya laba yang dapat dianggap berasal dari bentuk usaha tetap dengan cara menentukan bagian laba berbagai bagian perusahaan tersebut atas keseluruhan laba perusahaan itu, atau dengan cara lainnya sesuai dengan ketentuan perundang-undangan Pihak tersebut, maka ketentuan-ketentuan pada ayat 2 tidak akan menutup kemungkinan bagi Pihak pada Persetujuan tersebut untuk menentukan besarnya laba yang dikenakan pajak berdasarkan cara pembagian tersebut atau cara lainnya; namun demikian, cara pembagiannya harus sedemikian rupa sehingga hasilnya akan sesuai dengan prinsip-prinsip yang terkandung di dalam pasal ini. 24 0 obj Menyimpang dari ketentuan-ketentuan ayat (2) dan (3) Pasal ini, bunga yang berasal dari Pihak pada Persetujuan akan dibebaskan dari pengenaan pajak di Pihak lainnya, jika bunga tersebut dibayarkan: kepada badan pemerintah, institusi, atau lembaga keuangan yang ditunjuk oleh Hong Kong SAR dan disetujui bersama oleh pejabat-pejabat yang berwenang dari kedua Pihak pada Persetujuan. Istilah tersebut termasuk benda-benda yang menyertai harta tidak bergerak, ternak dan peralatan yang dipergunakan dalam pertanian dan kehutanan, hak-hak di mana ketentuan-ketentuan dalam perundang-undangan umum yang berkenaan dengan pertanahan berlaku, hak memungut hasil atas harta tidak bergerak dan hak atas pembayaran-pembayaran tidak tetap atau tetap sebagai pertimbangan atas pengerjaan, atau hak untuk mengerjakan, kandungan mineral, penggalian, sumber-sumber dan sumber-sumber daya alam lainnya, kapal laut dan pesawat udara tidak dianggap sebagai harta tidak bergerak. Mereka boleh mengungkapkan informasi tersebut dalam proses pengadilan atau dalam pembuatan keputusan pengadilan, termasuk, dalam hal Hong Kong SAR, keputusan-keputusan dari Board of Review. In such event, this Agreement shall cease to have effect: IN WITNESS WHEREOF, the undersigned, duly authorized thereto, have signed this Agreement.DONE in duplicate at Jakarta this 23rd day of March 2010 in the English language. Last reviewed - 02 February 2023 Foreign tax relief Taiwan uses the credit method to avoid double taxation of income. Income under the Singapore-Hong Kong limited tax convention refers to the revenue resulted from aircraft and shipping undertakings. The case must be presented within three years from the first notification of the action resulting in taxation not in accordance with the provisions of this Agreement. - prompt response to your inquiry (maxim 24 hours); - cost-efficiency: competitive company formation prices; - free and complete legal information featured on our site, at your disposal. The provisions of this Article shall not apply if it was the main purpose or one of the main purposes of any person concerned with the creation or assignment of the debt-claims in respect of which the interest is paid to take advantage of this Article by means of that creation or assignment. Singapore's implementation of AEOI is guided by the following principles: Singapore has signed and ratified the Multilateral Competent Authority Agreement on Automatic Exchange of Financial Account information under the Common Reporting Standard (further information can be found, The Income Tax (International Tax Compliance Agreements) (Common Reporting Standard) Regulations 2016 (Regulations) were published on 2 December 2016. Since 2009, Singapore has been updating and increasing its network of treaties to be in line with the EOI Standard. Share sensitive information only on official, secure websites. Why Is Singapore Attractive for Foreign Investors? Bunga dianggap berasal dari Pihak pada Persetujuan apabila yang membayar bunga berkedudukan di Pihak tersebut. Please contact for general WWTS inquiries and website support. startxref Dalam hal demikian, dapat diberlakukan ketentuan-ketentuan dalam Pasal 7 atau Pasal 14, sesuai dengan keadaannya. Tax Rates on Income Other Than Personal Service Income Under Chapter 3, Internal Revenue Code, and Income Tax Treaties (Rev. Untuk kepentingan Persetujuan ini, istilah bentuk usaha tetap berarti tempat usaha tetap di mana seluruh atau sebagian usaha perusahaan dijalankan. List of DTAs, Limited DTAs and EOI Arrangements. Late payment or non-payment of Corporate Income Tax, Voluntary Disclosure of Errors for Reduced Penalties, International Compliance Assurance Programme (ICAP), Enhanced Taxpayer Relationship (ETR) Programme, About Tax Governance and Tax Risk Management, Unutilised Items (Capital Allowances, Trade Losses & Donations), Companies Applying for Strike Off/ to Cease Registration, Companies under Liquidation/ Judicial Management/ Receivership, Companies Servicing Only Related Companies, Adopting Financial Reporting Standard (FRS) 109 & 39 & the Tax Implications, Productivity & Innovation Credit (PIC) Scheme, Interbank Offered Rate Reform & the Tax Implications, Tax Treatment of Interest, Gains or Profits Derived from Negotiable Certificates of Deposit by Non-Financial Institutions, View Statement of Account or View Bills and Notices, Check Rental Transactions from other Government Agencies, Goods and Services Tax (GST): What It Is and How It Works, Responsibilities of a GST-registered Business, Invoicing, Price Display and Record Keeping, Factors to Consider Before Registering Voluntarily for GST, Applying for exemption from GST registration, Applying for special GST registration (Group registration and Divisional registration), Voluntary Disclosure for Wrongful Collection of GST, When to Charge Goods and Services Tax (GST), Claiming Input Tax in the Right Accounting Period, Claiming Input Tax Incurred to Make Exempt Supplies, Claiming GST Incurred Before GST Registration/Incorporation, Correcting Errors Made in GST Return (Filing GST F7), Late filing or non-filing of GST Returns (F5/F8), Check Acknowledgements / Correspondence / Notices, Purchasing Remote Services from Overseas Service Providers, Approved Contract Manufacturer and Trader (ACMT) Scheme, Approved Import GST Suspension Scheme (AISS) (For Aerospace Players), Approved Refiner and Consolidator Scheme (ARCS), Approved Third Party Logistics (3PL) Company Scheme, Wrongful Collection of GST by GST-registered persons, Basics of Stamp Duty for Property-Holding Entities, Buying or Acquiring Property-Holding Entities, Selling or Disposing Property-Holding Entities, List of DTAs, Limited DTAs and EOI Arrangements, Multilateral Convention on Mutual Administrative Assistance in Tax Matters, Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting, Basic information for account holders of Financial Institutions, Mutual Agreement Procedure and Arbitration, Singapore's Competent Authorities for International Tax Agreements, Types of Payment and Withholding Tax (WHT) Rates, Payments that are Subject to Withholding Tax, Payments that are Not Subject to Withholding Tax, Tax obligations for non-resident director, Tax obligations for non-resident professional, Treatment of income for non-resident professional, Tax treaties and non-resident professional, Tax obligations of non-resident public entertainer, Treatment of income for non-resident public entertainer, Withholding tax calculations for non-resident public entertainer, Exemption of income for non-resident public entertainer, Tax refund for resident public entertainer, Withholding Tax (WHT) Filing and Payment Due Date, Claim of Relief under the Avoidance of Double Taxation Agreement (DTA), Making amendment after filing/ claiming refund, Late payment or non-payment of Withholding Tax (WHT), Working Out Estate/ Trust Income Tax by Trustee and Beneficiary, Gaming Machines, Tombola, Continuous Lucky Draw and Single/Scheduled Lottery, Income Tax Treatment for International Market Agents & Representatives, Computing Casino Tax (Gross Gaming Revenue, Casino Tax Rates), Overview of bodies of persons & income that is taxable, Late Payment or Non-Payment of Estate Duty, Senior Employment Credit (SEC), Enabling Employment Credit (EEC) and CPF Transition Offset (CTO), Self-review for Eligibility of JGI, SEC, EEC, CTO and PWCS, Specific Industries in Tiers and SSIC Codes, Government Cash Payout (2021 Rental Support Scheme), Double Tax Deduction for Internationalisation Scheme, Productivity and Innovation Credit (PIC) Scheme, Tourist Refund Scheme (TRS) for Businesses, Angel Investors Tax Deduction Scheme (AITD), Intermediaries of Self-Employed Persons (Taxi Drivers/Private-Hire Car Drivers), Automatic Exchange of Information (CRS and FATCA), #SeamlessFilingFromSoftware (#SFFS) for Tax Agents, IRAS Accounting Software Register Plus (ASR+), How to support AIS submission as a vendor, #SeamlessFilingFromSoftware (#SFFS) for Tax Clearance (IR21), Bilateral/Multilateral Advance Pricing Arrangements, International Compliance AssuranceProgramme (ICAP), Mutual Agreement Procedure (MAP) and Arbitration. xref Apabila seseorang atau suatu badan menganggap bahwa tindakan-tindakan salah satu atau kedua pihak pada Persetujuan mengakibatkan atau akan mengakibatkan pengenaan pajak yang tidak sesuai dengan Persetujuan ini, maka terlepas dari cara-cara penyelesaian yang diatur oleh perundang-undangan domestik dari masing-masing Pihak, maka ia dapat mengajukan masalahnya kepada pejabat yang berwenang di Pihak pada Persetujuan di mana ia berkedudukan atau jika masalah orang atau badan tersebut diatur dalam Pasal 23 ayat 1, kepada pejabat yang berwenang dari Pihak pada Persetujuan yang, dalam hal Hong Kong SAR, ia memiliki hak untuk menetap atau didirikan atau dibentuk atau, dalam hal Indonesia, memiliki kewarganegaraan. In no case shall the provisions of paragraph 3 be construed to permit a Contracting Party to decline to supply information solely because the information is held by a bank, other financial institution, nominee or person acting in an agency or a fiduciary capacity or because it relates to ownership interests in a person. Directors fees and other similar payments derived by a resident of a Contracting Party in his capacity as a member of the board of directors or similar organ of a company which is a resident of the other Contracting Party may be taxed in that other Party. in respect of other taxes: for any tax year commencing on or after 1 January in the calendar year next following the date on which the notice is given. As foreign income remitted into Singapore is generally not taxable for individuals, double tax (provided under tax treaties) or unilateral tax credit (provided under domestic tax law) is largely not relevant. How Will the Singapore Tourism Sector Look in 2018? The non-treaty rates (a final tax) apply only to non-residents who do not carry on business in Singapore and who do not have a PE in Singapore. AEOI also needs to be done within a robust framework of law to protect taxpayer confidentiality and ensure that the information is used properly. x\$7fqgHaaNn+BB|O8vU)v=~rj;_1l1~k>r0XR8mzBYNmf]g50Lmf&xxgJ#683ogPh5G0NMfw{X 6i Need help? However, under the following scenarios the withholding tax might be reduced: Profits of an enterprise of a Contracting Party derived in the other Contracting Party from the operation of ships in international traffic may be taxed in the other Contracting Party but the tax so charged shall be reduced by an amount equal to 50 per cent thereof. Where by reason of the provisions of paragraph 1, an inpidual is a resident of both Contracting Parties, then his status shall be determined as follows: he shall be deemed to be a resident only of the Party in which he has a permanent home available to him; if he has a permanent home available to him in both Parties, he shall be deemed to be a resident only of the Party with which his personal and economic relations are closer ("centre of vital interests"); if the Party in which he has his centre of vital interests cannot be determined, or if he has not a permanent home available to him in either Party, he shall be deemed to be a resident only of the Party in which he has an habitual abode; if he has an habitual abode in both Parties or in neither of them, he shall be deemed to be a resident only of the Party in which he has the right of abode (in the case of the Hong Kong Special Administrative Region) or of which he is a national (in the case of Indonesia); if he has the right of abode in the Hong Kong Special Administrative Region and is also a national of Indonesia, or if he does not have the right of abode in the Hong Kong Special Administrative Region nor is he a national of Indonesia, the competent authorities of the Contracting Parties shall settle the question by mutual agreement. Income derived by a resident of a Contracting Party from immovable property (including income from agriculture or forestry) situated in the other Contracting Party may be taxed in that other Party. Only residents of Singapore or Hong Kong can benefit from the provisions of the treaty. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Persetujuan apapun yang disepakati harus diterapkan tanpa memandang batas waktu yang diatur dalam perundang-undangan Pihak-pihak pada Persetujuan. Coordinated global efforts based on sound principles are important for a common set of rules to be applied across jurisdictions, to ensure a level playing field so that jurisdictions, large or small, developed or developing, can compete fairly based on their fundamental advantages and businesses can continue to innovate and grow. Ketentuan-ketentuan ayat 1 dan 2 tidak akan diberlakukan jika pemilik saham yang memperoleh manfaat (beneficial owner) dari piden tersebut, yang berkedudukan di Pihak pada Persetujuan, menjalankan usaha di Pihak lainnya pada Persetujuan dimana perseroan yang membayarkan piden berkedudukan, melalui bentuk usaha tetap yang berlokasi di sana, atau menjalankan pekerjaan bebas di Pihak lainnya tersebut, dan pemilikan saham-saham atas piden yang dibayarkan itu mempunyai hubungan yang efektif dengan bentuk usaha tetap atau tempat tetap itu. FATCA is a US law which targets non-compliance with tax laws by US persons using non-US accounts. Please find below a tax comparison between these two jurisdictions. Alimony or other maintenance payment paid by a resident of a Contracting Party to a resident of the other Contracting Party shall, to the extent it is not allowable as a deduction to the payer in the first-mentioned Party, be taxable only in that Party. Such deduction shall not, however, exceed the part of the income tax as computed before the deduction is given, which is attributable as the case may be, to the income which may be taxed in Indonesia. Istilah piden sebagaimana digunakan dalam Pasal ini berarti penghasilan dari saham-saham atau hak-hak lainnya, yang bukan merupakan tagihan-tagihan piutang, hak atas pembagian laba, termasuk penghasilan dari hak-hak dari perseroan lainnya yang diperlakukan sama dalam pengenaan pajaknya sebagai penghasilan dari saham-saham oleh undang-undang Pihak pada Persetujuan dimana perseroan yang membagikan piden berkedudukan. Pengenaan denda atas keterlambatan pembayaran tidak akan dianggap sebagai bunga untuk kepentingan Pasal ini. Exempt if paid in respect of a loan that is guaranteed or insured by the government. Apabila Pihak pada Persetujuan memperhitungkan ke dalam laba perusahaan dari Pihak tersebut dan mengenakan pajak atas laba perusahaan Pihak lainnya pada Persetujuan yang telah dikenakan pajak di Pihak lainnya tersebut dan laba yang diikutsertakan tadi adalah laba yang memang seharusnya diperoleh perusahaan dari Pihak yang pertama disebutkan seandainya syarat-syarat yang diadakan oleh kedua perusahaan tersebut sama dengan syarat-syarat yang diadakan oleh pihak-pihak yang independen, maka Pihak lainnya tersebut akan membuat penyesuaian seperlunya terhadap jumlah pajak yang telah dikenakan terhadap laba tersebut. 28 0 obj Pejabat-pejabat yang berwenang melalui konsultasi akan mengembangkan prosedur-prosedur, kondisi-kondisi, cara-cara dan teknik-teknik bilateral untuk menerapkan tata cara persetujuan bersama yang dimaksud dalam Pasal ini. The exchange of information is not restricted by Article 1. What is a DTA?A DTA is a bilateral agreement which provides clarity on the taxing rights of each contracting jurisdiction on all forms of bilateral income flows. By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement. Ketentuan-ketentuan pada ayat 1 dan 2 tidak diterapkan terhadap penghasilan yang diperoleh dari kegiatan-kegiatan yang dijalankan di Pihak pada Persetujuan jika kunjungan ke Pihak tersebut didukung dana pemerintah salah satu atau kedua Pihak pada Persetujuan atau bagian ketatanegaraannya atau pemerintah daerahnya. Lower rate on copyright of literary, artistic, or scientific work, including cinematograph films, or films or tapes used for radio or television broadcasting. Perusahaan dari Pihak pada Persetujuan tidak akan dianggap mempunyai bentuk usaha tetap di Pihak lainnya pada Persetujuan hanya semata-mata karena perusahaan tersebut menjalankan usaha di Pihak lainnya pada Persetujuan tersebut melalui makelar, agen komisioner umum atau agen lainnya yang bertindak bebas, sepanjang orang/badan tersebut bertindak dalam rangka kegiatan usahanya yang lazim. 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