Tax 101 Series: Withholding Tax, An Introduction (On Demand)

Description

This session discusses the concept of withholding tax and the withholding tax requirements of Singapore-based companies on payments made to foreign-based companies. In this respect, this session focuses both the taxpayer's residency status and procedural aspects of determining income streams subject to withholding tax under the Singapore Income Tax Act. "Tax planning is all about long-term thinking." Understanding your fundamental tax rights (entitlements) will allow you to manage your tax risk (and saving tax legally) with confidence.

IRAS has recently published a ruling related to tax residency status, and sections 12. It is an exciting time to be exploring this topic. Our Tax 101 series is aimed at tax and non-tax trained junior executives or anyone who has an interest in understanding the Singapore Tax system. This session is a mix of practical experience and academic knowledge.

Programme Outline

• Singapore tax system
• Concept of withholding tax and residency
• Income accrued in or derived from Singapore
• Why is management of withholding tax exposure important?
• Exploratory case study – IRAS Advance Ruling case
• Q&A

What you will learn

By the end of this session, attendees should obtain a systematic understanding of knowledge of (to evaluate the effects thereon) the concept of withholding tax in the wide interdisciplinary concept, and procedural aspects of when dealing with payments made to non-residents. 

Target Audience

An intermediate level program intended for tax accountants, business accountants, auditors

Expert Speaker

Kevin Matthaios Lee

Kevin, a business finance professional, is also a Subject-Matter Expert (SME) in the tax practise of a mid-tier professional services firm, while simultaneously holding a position as a trainer/facilitator where he shares his insights on the global issue in FRS, political science and economics and international business law. He has been a speaker at various seminars, and network (exclusive) events, inter alia, Wolters Kluwer (CCH), ISCA, CIMA and ACCA.