3. The term « dividends » used in this article refers to income from shares or other rights that are not claims that contribute to profits, as well as income from other rights of corporations subject to the same tax treatment as share income, under the law of the state in which the company is established. (d) If, under points (a) to c), its residence status cannot be determined in that order, the competent authorities of the contracting states endeavour to clarify the matter by mutual agreement. COPS is one of the most important forms of legal agreements in the mining and energy industry. The COPS defines the right of investors to obtain permission to explore and obtain hydrocarbon resources from the host government, in addition to determining profit-sharing. 3. When a person other than a person is established in the two contracting states under paragraph 1, he or she is considered to reside only in the state where his or her place of effective administration is located. If the State in which its head office is located cannot be determined, the competent authorities of the contracting states try to resolve the matter by mutual agreement. 2. The term « revenue debt » used in this article refers to an amount owed for all taxes and descriptions collected on behalf of the contracting states or their political subdivision or their local authorities, provided that the resulting taxation is not contrary to this convention or any other instrument to which the contracting States are associated. , as well as interests. , administrative penalties and collection or retention fees in relation to this amount.
Indonesia and Singapore signed their first DBA agreement in 1992 and negotiations began in mid-July 2015 to change the content. Both governments hope the recent changes can boost bilateral trade – which was worth more than $40 billion in 2019 – and investment flows between the two countries. 3. Companies of a contracting state whose capital is held, directly or indirectly, by one or more residents of the other contracting state or under the jurisdiction of the contracting state may not be subject, in the first state, to a tax or related requirement that is different or heavier from the taxation and related requirements for other similar enterprises of the first state. On 4 February 2020, at a meeting in Jakarta, Indonesia and Singapore signed the updated agreement on the abolition of double taxation and the prevention of tax evasion.