Withholding Tax

Pay Withholding Tax How to Pay Withholding Tax GIRO is the preferred method of payment. GIRO Majority of taxpayers use GIRO for tax payment. Electronic Payment Modes PayNow QR New! Internet Banking Bill Payment Internet Banking for tax payment is made available by the following banks: BOC  CIMB  Citibank  DBS/POSB  HSBC  ICBC  MayBank  OCBC  RHB  Standard Chartered Bank  State Bank of India  UOB (BOC, CIMB, Citibank, ICBC, MayBank, RHB and State Bank of India are applicable for individual account holders only). DBS PayLah! Mobile App Pay your tax via DBS PayLah! Phone Banking Phone Banking service for DBS/POSB, OCBC and UOB account holders who have subscribed to this service. (DBS/POSB and OCBC are applicable for individual account […]

Withholding Tax Filing Extension of Withholding Tax Filing and Payment Due Date  New! In light of the latest measures to manage the COVID-19 situation, the filing due date for all S45 Withholding Tax Forms due in Apr 2020 will be automatically extended to 15 May 2020. The payment due date will also be extended to 15 May 2020. For those on GIRO and who file by 15 April 2020, the deduction date remains as 25 Apr 2020. If GIRO deduction is unsuccessful, a second GIRO deduction will be automatically scheduled for 25 May 2020.  For those on GIRO and who file by […]

Withholding Tax Requirements Who Are Non-Resident Companies or Individuals To determine whether withholding tax is applicable, the Payer has to ascertain that the payment was made to a company or an individual who is Non-Resident in Singapore. Non-Resident Company A company is either a tax resident or a non-resident of Singapore. In Singapore, the tax residency of a company is determined by the place in which the business is controlled and managed. “Control and management” is the making of decisions on strategic matters, such as those on company policy and strategy. Where the control and management of a company is […]

What Is Withholding Tax Withholding Tax Under Singapore law, a person (known as the Payer) who makes payment(s) of a specified nature (e.g. Royalty, Interest, Technical Service Fee, etc.) to a non-resident company or individual (known as Payee) is required to withhold a percentage of that payment and pay the amount withheld(called ‘Withholding Tax’) to IRAS. What Are The Payments to a Non-Resident that Require You to Withhold Tax Payments for Services, Interest, Royalty, Rental of Movable Properties, etc. Payments to Non-Resident Directors, Professionals, Public Entertainers & International Market Agents Foreigners/PRs Withdrawing from Supplementary Retirement Scheme (SRS) Account Distribution of […]