{"id":642,"date":"2018-07-25T07:09:01","date_gmt":"2018-07-24T23:09:01","guid":{"rendered":"http:\/\/ehluar.com\/main\/?p=642"},"modified":"2018-07-25T07:41:40","modified_gmt":"2018-07-24T23:41:40","slug":"payments-that-are-subject-to-withholding-tax","status":"publish","type":"post","link":"http:\/\/ehluar.com\/main\/2018\/07\/25\/payments-that-are-subject-to-withholding-tax\/","title":{"rendered":"Payments That Are Subject to Withholding Tax"},"content":{"rendered":"<p><span style=\"color: #000000;\">When the following specified nature of payments paid to non-resident companies by a person attracts withholding tax. The rate of withholding tax will depends on nature of these payments:<\/span><\/p>\n<ol>\n<li><span style=\"color: #000000;\">Interest, commission, fee in connection with any loan or indebtedness;\u00a0<\/span><\/li>\n<li><span style=\"color: #000000;\">Royalty or other payments for the use of or the right to use any movable property;\u00a0<\/span><\/li>\n<li><span style=\"color: #000000;\">Payments 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;<\/span><\/li>\n<li><span style=\"color: #000000;\">Payments of management fees;<\/span><\/li>\n<li><span style=\"color: #000000;\">Rent or other payments for the use of any movable property;<\/span><\/li>\n<li><span style=\"color: #000000;\">Payments for the purchase of real property from a non-resident property trader;<\/span><\/li>\n<li><span style=\"color: #000000;\">Structured products (other than payments which qualify for tax exemption under section 13(1)(zj) of the Income Tax Act);\u00a0<\/span><\/li>\n<li><span style=\"color: #000000;\">Distribution of real estate investment trust (REIT).\u00a0<\/span><\/li>\n<\/ol>\n<p><span style=\"color: #000000;\">It was noted that most of these payments has been covered under Sections 12(6) and Section 12(7) of the Income Tax Act.<\/span><\/p>\n<p><span style=\"color: #000000;\">On 23 July 2018, the Inland Revenue Authority of Singapore (IRAS) has updated content of the following on its website to reflect the recent mutual agreement between Singapore and Australia:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">the flowcharts on the \u2018General Overview of Withholding Tax on Income Deemed to be Sourced in Singapore under Sections 12(6) and 12(7) of the Income Tax\u2019, <\/span><\/li>\n<li><span style=\"color: #000000;\">the \u201cPayments Made for Management Services or Assistance in the Management of Business&#8221;, and <\/span><\/li>\n<li><span style=\"color: #000000;\">the FAQ section on \u2018Services\u2019 <\/span><\/li>\n<\/ul>\n<p class=\"hP\"><span style=\"color: #000000;\">Source: <em>IRAS<\/em>, 25 July 2018<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When the following specified nature of payments paid to non-resident companies by a person attracts withholding tax. The rate of withholding tax will depends on nature of these payments: Interest, commission, fee in connection with any loan or indebtedness;\u00a0 Royalty or other payments for the use of or the right to use any movable property;\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8,6],"tags":[],"class_list":["post-642","post","type-post","status-publish","format-standard","hentry","category-incometax","category-techupdates"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/comments?post=642"}],"version-history":[{"count":3,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/642\/revisions"}],"predecessor-version":[{"id":645,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/posts\/642\/revisions\/645"}],"wp:attachment":[{"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/media?parent=642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/categories?post=642"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ehluar.com\/main\/wp-json\/wp\/v2\/tags?post=642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}