Withholding Tax
Withholding tax, a tax on payments made to non-residents, including employees, business partners and overseas agents, is an area often
overlooked by businesses. Gain an understanding of withholding tax and how it affects your business in this introductory workshop by
TAKX Solutions, which will shed light on the types of payments that are subject to withholding tax as well as the compliance
Detail
| Date: | |
| Duration: |
1, day(s) 9:00AM - 5:30PM |
| Fee: | $248.00 |
| Venue: | SR 4.3 @School of Economics & Social Sciences
Level 4, SESS, Singapore Management University
90 Stamford Road
S(178903) |
Fees are subjected to prevailing GST of 7%
For more information, please contact JobsDB Learning at 65788111 or email to learning@jobsdb.com.sg
Payment must be made before the commencement of the workshop. No cancellation is allowed 7 days prior to workshop.
Outline
Basis of Taxation of Non-Residents
Income Deemed to be Sourced in Singapore
Types of Income Subject to Withholding Tax
Withholding Tax Treatment of Active Income vs Passive Income
Withholding Tax Exemptions
Calculating Withholding Tax Accurately
Timing of Withholding & Payment to IRAS
Penalties for Non-Compliance & Voluntary Disclosure
Minimising Withholding Tax Risks
Claiming Exemptions or Reduced Rates under DTAs
Establishing Internal Controls to Track Withholding Tax Obligations
Latest Withholding Tax Development
Facilitators
Mr Sivakumar Saravan is a tax director at a mid-sized international accounting
firm. He has 15 years of experience in tax compliance and tax consultancy work for
individuals, local corporations, multinationals and financial institutions.
The industries that he has extensive experience in tax consultancy work include
fund management, bio-technology, manufacturing, trading, education, healthcare,
advertising, e-commerce and international shipping. He has also been the tax
advisor to several companies during their initial public offering (on the Singapore
Exchange) exercise.
Siva has extensive experience in advising clients on international tax implications of
cross-border transactions involving the various countries in the region including
Australia, China, India, Indonesia, Malaysia, Thailand & Vietnam. He has also
advised on appropriate holding company structures for several multinational
companies based in Singapore for their outboard investments into Europe and the
Asia Pacific region.
Siva has conducted several seminars on local & international tax and is routinely
invited to speak on a wide spectrum of issues such as permanent establishment,
transfer pricing, withholding tax and tax risk management. He is currently the
consultant editor of CCH's Singapore Master Tax Guide manual. He is also one of
the authors of the Worldwide Business Tax Guide and International Tax Planning –
Expatriates & Migrants, both also published by CCH
Who Should Attend
General Managers, Finance Directors, Finance Managers,
Accountants, Business Owners or Personnel Tasked With
Preparing or Overseeing the Filing of Withholding Tax