Tax facts: Withholding tax

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An overview of withholding tax

Withholding tax is generally a final tax where the income in question is not derived from the provision of services.

Filing and payment deadline
Range of tax rates

Filing and payment deadline

By 15th of the second month, following the date of payment to the non-resident
Range of tax rates

15% to 24%, depending on the nature of income (may be reduced under tax incentives or Tax Treaties)

Withholding tax rates by nature of income

Interest - 15%*
Dividends - NIL
Royalties - 10%*
Technical fees for services performed in Singapore - 17%
Management fee for services performed in Singapore - 17%
Rental or other payments for movable property - 15%*
Remuneration paid to non-resident director - 22%**
Professional fee - 15% on gross / 22% on net
Public entertainer - 15%/10%***
Charter fees (ships) - NIL
Charter fees (aircraft) - 0-2%

* These are final taxes for operations carried on outside Singapore. For operations carried on in Singapore, 17% will apply to non-resident non-individuals and 22% (24% from 1 January 2023) will apply to non-resident individuals.
** 24% from 1 January 2023
*** 10% applies for payment made between 22 February 2010 and 31 March 2022.

The following payments made to non-residents may be subject to withholding tax

Interest, commission or fees in connection with any loan or indebtedness
Royalty or other payments in one lump sum or otherwise for the use of, or the right to use, any movable property
Fees for the use of or the right to use scientific, technical, industrial or commercial knowledge or information, or for the rendering of assistance or service in connection with the application or use of such knowledge or information
Fees for the management or assistance in the management of any trade, business or profession
Rental or other payment for the use of any movable property
Remuneration paid to a non-resident director
Fees paid to a non-resident professional (other than an employee) for services rendered in Singapore
Proceeds from the sale of real property by a nonresident property trader
Fees paid to a non-resident public entertainer or athlete

Payments to the Singapore branch of a non-resident business are generally not subject to withholding tax.
However, the branch must include the income in its annual tax return.