Taxation: Singapore and Fiji sign double taxation agreement

Fiji and Singapore have signed a double taxation agreement - a move welcomed by Fiji's acting Prime Minister and Minister for Finance, Ratu Jone Kubuabola. The agreement includes tax-sparing provisions for twelve years from the effective date of the agreement.

The Fiji Times reports that the agreement provides for certain types of income to be taxed in full by the country in which the income has its source. Ratu Jone said the types of incomes included income from real property, business profits attributable to a permanent establishment in the country of source. Other income included in the provision were income from employment excluding visits of short duration and income derived by entertainers and sportspersons.