SINGAPORE: NEW TAX LEGISLATION AFFECTS FRENCH COMPANIES

CMS Bureau Francis Lefebvre, the second largest law firm in France by revenue, shares an analysis of a new tax legislation for French companies in Singapore. In this paper, Michel Collet (partner) and Laurent Cantoni (associate) break down the economic implications of the new rule that comes into effect at the beginning of 2017.

Established in 1925, CMS Bureau Francis Lefebvre gathers more than 400 lawyers in France (Neuilly-sur-Seine, Lyon, Strasbourg, Algiers and Casablanca). The French law firm is reputable for its expertise in Tax, Business Law and Employment. Since 2001, it has joined CMS, a leading network of lawyers in Europe with more than 71 offices in 40 countries and over 4,500 lawyers worldwide.

Singapore has a well-developed network of treaties with the main countries in Asia (including China, Hong Kong, India, Japan and Taiwan), and Europe (including Germany, France, Luxembourg, the Netherlands, the United Kingdom etc). However, no treaty is established with the United States. This is the background against which France signed a new tax treaty on January 2015 with Singapore.

The experts will guide you through the issue on four aspects:

  • Eligibility and benefits under the Treaty
  • Establishment: 1 year to be a permanent establishment
  • Elimination of double taxation
  • Information exchange and the lack of assistance in recovering tax

You can download the full paper here for free.

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