Withholding tax is an area, which tends to be overlooked by many companies. The responsibility of withholding tax deduction and accountability lies with the Singapore companies that are making the payments to non-residents. Hence, this course by ISCA aims to provide participants with the knowledge of the types of payments that are subject to withholding tax, the administrative procedures that need to be complied with.
A Highlight of Key Areas:
- What is withholding tax
- Types of payments subject to withholding tax
- Interest
- Royalties
- Technical assistance fees
- Rent from moveable property
- Directors’ remuneration
- Non-Resident Professionals
- Non-Resident Public Entertainers - Concept of Permanent Establishment
- Deemed sources of income - sec 12
- Administrative procedures - sec 45, 45A
- Withholding tax and e-commerce transactions
- Rights Based Approach for Characterising Software Payments and Payments for the Use of or the Right to Use Information and Digitised Goods
- Withholding Tax and Double Tax Agreements
- Waiver of withholding tax
- Date of Payment of withholding tax
- Penalties
- Case Studies
- Latest updates from IRAS