Witholding Tax in Singapore
Question
I’m in the processing of setting up with a new partner in Singapore to market and provide sales training services, both e-learning and workshops (the agent will deliver workshops).
I gather that non resident companies have to charge ‘with-holding tax’ of 30% or so. My partner also has a locally registered company that I could trade through. Any suggestions about pros and cons of the two approaches and are there others that I could consider?
Thanks
Bryan
Answer
Dear Bryan,
Thank you for your inquiry, I would be happy to speak to you to provide some more information please email me at [email protected] to schedule an appointment
The IRAS site also has some information which may be useful to you
http://www.iras.gov.sg/irashome/page01.aspx?id=758
Regards Jennifer Hainsworth Business Services Manager British Chamber of Commerce Singapore
Answer
Dear Bryan
Greetings from UKTI Singapore. I cover the education and training sector based at BHC Singapore.
On your enquiry about the withholding tax, you may wish to browse through the following:
Withholding tax (Resident versus Non Resident): http://www.iras.gov.sg/irasHome/page04.aspx?id=1338
Withholding tax (for payment to non-residents or non-resident companies): http://www.iras.gov.sg/irasHome/page04.aspx?id=562
Let me know if you have further questions. My email address is [email protected]
Best regards
Malcolm