SAT Released the Interpretations to the Sino-Singapore Agreement

China's State Administration of Taxation (SAT) formulated the Agreement Entered into between the Government of the People's Republic of China and the Government of the Republic of Singapore to Prevent Double Taxation and Income Tax Evasion and Interpretations to articles of the Agreement (hereinafter referred to as the Interpretations to the Sino-Singapore Agreement).

The Interpretations to the Sino-Singapore Agreement stipulated that the contracting states' laws and regulations of anti-tax evasion shall not be subject to influence of the Agreement. It is compliable with the purpose of preventing double taxation as stipulated by the Agreement. However, the contracting states shall fully understand the relevant provisions of the Agreement when formulated such laws and regulations, so as to prevent any conflict between the taxation results of such laws and regulations and provisions of the Agreement.

The SAT also stipulated that the relevant clauses which China has concluded with foreign countries keep consistent with provisions of the Sino-Singapore Agreement. The Interpretations to the Sino-Singapore Agreement shall also be applicable to interpretations and implementation of the same clauses of other agreements.

(Source: State Administration of Taxation)