You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Singapore Withholding Tax Requirement

Received Response
edited Apr 27, 2020 3:28PM in Tax & Global 2 comments


Singapore Withholding tax requirement where tax is borne by Payer


There is a withholding tax requirement for Singapore that withholding tax needs to be calculated @ 17% when a Non Singapore Supplier provides any service. However this withholding tax needs to be borne by the Payer (not by the Supplier) and calculated by re-grossing the invoice amount. For eg if the supplier provides a service for 100$ (invoice amount is 100$) then the invoice amount should be re-grossed as 100*(1/(1-0.17)) = 120.48. So withholding tax @ 17% of 120.48 will be 20.48 which will be paid to tax authority and amount of 100 will be paid to the supplier.


Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!