Signed on 17 April 2023, this is the first update to the 2018 Brazil – Singapore income tax treaty.
Brazil’s Senate has approved the amending protocol to the 2018 Brazil – Singapore income tax treaty through Draft Legislative Decree No. 227/2024 on 16 September 2025.
Signed on 17 April 2023, this is the first update to the treaty.
Key changes include revisions to the withholding tax exemption on interest for government-related entities and a clarification that Article 19 (Pensions) also applies to annuities in Brazil.
The protocol will take effect once ratification instruments are exchanged and will apply retroactively from the treaty’s original effective dates.
Earlier, Brazil’s Chamber of Deputies approved the ratification of a protocol amending the tax treaty with Singapore on 13 February 2025.
