Singapore Withholding Tax Presented by Tax Accountants Pte Ltd

Making Cross-border Payments

Under the Singapore income tax law, companies subject to tax in Singapore making certain payments such interest payments, professional and royalties fees to non-resident persons are required to withhold tax and remit the tax withheld to the Singapore Tax Authority within a stipulated period of time.

Conversely, receipts of income by companies in Singapore from outside Singapore may also be subject to withholding tax in other tax jurisdictions. Payments typically subject to withholding tax in other tax jurisdictions are interest, royalty and dividend.


Singapore Withholding Tax Rates




Non-Resident Directors and Professionals
Certain payments made to non-resident directors and professionals may be subject to Singapore withholding tax (eg. remunerations and fees). The Singapore payer is required to:

• Withhold tax on payment to the non-resident individual;
• File Withholding Tax Form; and
• Pay the withholding tax by the 15th of the following month from the date of payment


Tax Treaty Benefit / Certificate of Residence

Where an Avoidance of Double Taxation Agreement (DTA) is applicable, the rates specified in the DTA of the respective countries would apply. If you are applying the rates in the DTA, you would need a Certificate of Residence from the non-resident payee to prove that it is a tax resident of the treaty country. Please submit a Certificate of Residence from Non-Residents (Claim for relief from Singapore Income Tax under Avoidance of Double Taxation Agreement) that is duly certified by the tax authority of the country of residence, to the Singapore Tax Authority.


Exemption From Withholding Tax

Certain payments made to non-residents are exempt from Singapore withholding tax. These payments include (but not limited to):
• Certain software payments
• Payments for the use of or the right to use information and digitised goods by end-users
• Payments for satellite capacity
• Payments for the use of international submarine cable capacity, including payments for Indefeasible Rights of Use (IRUs)


Help and Advice

Tax Accountants Pte Ltd provides reliable and affordable services in Singapore which include accounting, bookkeeping, payroll, corporate tax services and individual income tax services. Our work processes are designed to be efficient and cost-effective. Our aim is to relieve you of the burdens of statutory compliance and enable you to focus on running and growing your business. Contact us now so we can discuss your requirements; Email us today at info@taxaccountants.com.sg.
For more information, visit:

Tax Accountants Pte Ltd
10 Anson Road, #26-04 International Plaza, Singapore 079903
Telephone : (65) 6604 2608
Fax : (65) 6725 8438
Email : info@taxaccountants.com.sg
Website: http://taxaccountants.com.sg/

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