Withholding Tax

Withholding-Tax

At SingaporeAudit.com.sg, we provide Singapore withholding tax filing services. You will pay the exact amount of withholding tax calculated with the help of withholding tax rate calculator.

When a Singapore company or an individual remunerates or pays royalties, interests, fees etc to a non-resident company or individual for the services they offer in Singapore, then the Singapore company or individual has to pay certain percentage of that amount to the tax authority of the country Inland Revenue Authority Singapore (IRAS). This percentage amount is termed as the withholding tax since that particular amount is withheld by IRAS. The withholding tax rates differ depending upon the nature of the payments.

Withholding Tax Rates on Payments Made To Non-Resident Companies

The tax rates on payments made to the non-resident companies are given below:

Type of Payment

Tax Rate

Shipping or Air charter fees

0-2%

Dividends

0%

Royalties

10%

Interests

15%

Moveable property rent

15%

Technical service fees

17%

Management fees

17%

Remuneration to the company director

20%

Withholding Tax Rates on Payments Made To Non-Resident Individuals

A person who stays in Singapore for less than 183 days is known as a Non-resident professional (NRP). Although, the general withholding tax rate on payments made to NRPs is a flat 15%, nevertheless there are certain payments for which the withholding tax rates are different. They are:

Type of Payments

Tax Rate

Royalties, Payments to the NRP directors

20%

Public entertainers

                                      10% (till March 31, 2015)

Below is the list of NRPs offering their services in Singapore

  • Counsels of Queen;
  • Public entertainers;
  • Consultants;
  • Trainers & Coaches;
  • Foreign speakers who conduct workshops & seminars in Singapore.
  • Foreign experts invited by the government of Singapore for official assistance and guidance.

Singapore Audit offers withholding tax services as part of its offerings pertaining to Singapore taxation. We ensure all your tax needs are duly taken care of by assisting in the formalities of filing returns, its calculation and so on.

Please feel free to contact us on +65 6536 0036 or drop in an email at info@singaporeaudit.com.sg

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