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Withholding Tax

Withholding tax is a tax on payments made to non-residents including employees, business partners and overseas agents. Here is a quick overview of withholding tax and how it affects your business.

What Is Withholding Tax?

  • When you make payments of a specified nature to a non-resident, you must withhold a certain percentage of that payment as "withholding tax".
  • The withholding tax must then be paid to the Inland Revenue Authority of Singapore (IRAS).

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