A Practical Guide to Withholding Tax in Singapore

Description

Withholding tax is a tax levied on certain types of payments made to non-residents (individuals, companies and overseas agents). It is generally an area often overlooked by taxpayers. Obtain some in-depth understanding of this area and how it affects your business. This workshop will provide a comprehensive knowledge as well as the relevant compliance requirements.

The trainer will discuss the key and practical aspects of withholding tax. Case studies and real-life examples will be used to illustrate how to identify payments which are subject to withholding tax and how you should manage the relevant tax obligations.

Programme Outline

• Overview of withholding tax system in Singapore
• Who are considered non-resident companies and individuals?
• Payments which are subject to withholding tax
• Relevant Exemptions and remissions
• Applicable withholding tax rate
• Application of double tax treaties
• Withholding tax compliance and administration
• Claiming of foreign tax credit/Pooling
• Case studies on the above

What you will learn

• Understand what types of payments are subject to withholding tax
• Understanding and application of tax treaties
• Learn about steps involved in managing withholding tax obligations

Target Audience

• Accounting and Tax Professionals
• Senior executives who would like to understand and manage withholding tax effectively

Expert Speaker

Loke Yew Ken

Yew Ken is a Tax Director and has been providing consulting services for local and multinational corporations in the manufacturing, trading, logistics, engineering, retail, construction, entertainment, information technology, and service industries.

He is experienced in managing projects related to indirect taxes, tax incentive and grant applications, transfer pricing, cross-border investments, managing tax compliance affairs, tax health check, tax audit review, and tax investigation assignments.

Yew Ken was formerly with two of the Big 4 accounting firms in Malaysia, servicing a broad spectrum of clients. He specialised in corporate taxation, including tax advisory, restructuring exercises for companies, and tax due diligence assignments for acquisition and merger of businesses.