Taxation Suite: Withholding tax - Workshop SG 2018

Currently, withholding tax obligations on payments made to non-residents remains one of Singapore’s corporate tax compliance focuses by IRAS. Unfortunately, our withholding tax provisions impose various penalties and fines on companies for failure to account for withholding tax properly. Ignorance of your withholding tax obligations is no longer an excuse to seek a waiver for penalties and fines for non-compliance with the withholding tax provisions.

This workshop aims to provide you with a basic framework to understand the Singapore withholding tax provisions. You will be equipped with a template that outlines your organisation’s withholding tax obligations so that you can avoid common pitfalls of non-compliance.

Key Topics Covered:

• Different types of payments to non-residents that are subject to Singapore withholding tax
• Withholding tax obligations for Singapore payers under Income Tax Act
• Meaning of “payments to non-residents” for Singapore withholding tax purposes
• Common pitfalls for Singapore payers on non-compliance with the Singapore withholding tax obligations

This workshop is part of the Taxation Suite and is eligible for a 10% off workshop fees for sign-ups of 2 or more workshops in the suite.

Enter code TAX10 at checkout.

Trainer Profile:

Jack HM Wong FCPA (Aust.)

With more than 20 years of international tax experience working with both corporate and individuals on various transactions, Jack has assisted over 900 multinationals and high net-worth individuals in a wide range of business and tax issues. From assisting clients in securing favourable tax incentives from various government agencies to resolving tax disputes with the Inland Revenue Authority of Singapore, Jack is best known for his constant focus on clients, coaching and ongoing guidance to achieve optimum results for his clients. A regular speaker at various tax conferences and workshops, Jack is the author of the recently published “Essentials of Expatriate Tax”.

Jack holds an MBA from Nanyang Technological University and an LLM from National University of Singapore, along with the Bachelor of Laws and Bachelor of Commerce from Murdoch University.

Learning objectives

• Review of the Singapore withholding tax provisions and the types of payments to non-residents that are subject to Singapore withholding tax.
• Avoid common pitfalls in Singapore withholding tax compliance and related penalties.
• Examine the interaction between certain key international tax concepts (e.g. such as permanent establishments) with our Singapore withholding tax provisions.

Audience

This workshop is suitable for:

• CFOs / Financial Controllers
• Senior Tax Managers
• Accountants/ Auditors
• Finance Professionals who are advising or are responsible in implementing and/or managing withholding tax issues