Singapore-Taipei Tax Agreement Enters Force, Lowers Withholding Tax

Singapore IRAS Newsroom

Published February 13th, 2026

Detected March 24th, 2026

Summary

Singapore and Taipei have entered into a new tax agreement that lowers withholding tax rates on cross-border income flows. This agreement, effective February 13, 2026, replaces a 1982 agreement and aims to enhance bilateral trade and investment.

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What changed

The Agreement between the Singapore Trade Office in Taipei and the Taipei Representative Office in Singapore for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance has entered into force on February 13, 2026. This new agreement, signed on December 31, 2025, supersedes the previous agreement from 1982 and specifically reduces withholding tax rates on income derived from cross-border business activities between the two jurisdictions.

This development is expected to stimulate greater cross-border trade and investment. Regulated entities engaged in business activities between Singapore and Taipei should review the updated withholding tax rates and ensure compliance with the new provisions. The full text of the agreement is available on the Inland Revenue Authority of Singapore's website.

What to do next

Review the full text of the 2026 Agreement for updated withholding tax rates
Ensure compliance with new provisions for cross-border income flows between Singapore and Taipei

Source document (simplified)

13 Feb 2026

The Agreement between the Singapore Trade Office in Taipei and the Taipei Representative Office in Singapore for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance was signed on 31 December 2025 by the Trade Representative of the Singapore Trade Office in Taipei Yip Wei Kiat and the Representative of the Taipei Representative Office in Singapore Dr. Tung Chen-yuan, and entered into force on 13 February 2026 (“2026 Agreement”).
This replaces the previous agreement in effect since 1982. Among other changes, the 2026 Agreement lowers the withholding tax rates on income flows arising from cross-border business activities. The changes are expected to enhance cross-border trade and investment.
The full text of the 2026 Agreement is available on the Inland Revenue Authority of Singapore’s website here.

MINISTRY OF FINANCE

13 February 2026