Programme Objectives
Withholding tax is an area, which tends to be overlooked by many companies. The responsibility of withholding tax deduction and accountability lies with the Singapore companies that are making the payments to non-residents. Hence, this programme aims to provide participants with the knowledge of the types of payments that are subject to withholding tax, the administrative procedures that need to be complied with.
Programme Outline
- What is withholding tax
- Types of payments subject to withholding tax
- Interest
- Royalties
- Technical assistance fees
- Rent from moveable property
- Directors’ remuneration
- Short-term property transactions
- Non-Resident Professionals
- Concept of Permanent Establishment
- Deemed sources of income - sec 12
- Administrative procedures - sec 45, 45A
- Withholding Tax and e-commerce transactions
- Withholding Tax and Double Tax Agreements
- Waiver of withholding tax
- Date of Payment of Withholding Tax
- Tax on Gross Income derived from Singapore by Non-Resident Public Entertainer
- Penalties
- Case Studies
Intended For
Personnel who are involved in handling payments, for persons who are involved in negotiating contracts for the company: and those who wish to have withholding tax knowledge. However, participants must have basic knowledge of Singapore tax system.
Competency mapping: B10
Programme Facilitator
A. Geetha
CPA Singapore, MBA (Investment and Finance)
Geetha is the founder partner of a Certified Public Accounting Firm. She has more than 15 years of experience in handling Singapore Tax issues and cross border tax issues.
She regularly trains and updates practising and non-practising CPAs and the general public in related field on Singapore Income Tax. She also lectures on the Singapore Income Tax and Planning for ACCA students and students aspiring to be Chartered Financial Planners (CFP).
She has authored revision kits for tax students and is also an appointed examiner for an Advanced Tax Paper at National Level.
Venue
SAA City Campus
6 Raffles Quay #23-00 S(048580)
*6 Raffles Quay {formerly known as John Hancock Tower} is located behind AIA Tower.
Exit through Exit I (Lau Pa Sat Exit) at Raffles Place MRT Station
Closing date for registration: 1 week before programme