Singapore’s DTA with Spain will come into force on 1 February 2012

The DTA includes the internationally agreed Standard for the exchange of information for tax purposes upon request

The agreement is Singapore’s 68th DTA and will encourage and facilitate cross-border trade and investment between Singapore and Spain, by providing greater clarity on taxing rights and minimising the scope of double taxation between the two nations.

The withholding tax for dividends will be 0% if the beneficial owner is a company (other than a partnership) which holds directly at least 10 per cent of the capital of the company paying the dividends and 5% of the gross amount of the dividends in all other cases. The interests and royalties will be taxed at rate of 5%.

The full text of the DTA is available