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A Quick Guide to Withholding Tax for Singapore Companies and Individuals

What is Withholding Tax Withholding tax is levied on payments made to non-residents including employees, business partners and overseas agents. A non-resident is liable to pay income tax on Singapore-sourced income. Under the law, a person has a legal obligation to withhold a percentage of the payment when he makes payments of a specified nature [Read More...]

Singapore Tax Cuts for Growth

How can Singapore government encourage the growth of an incipient economy whilst it continues to hone its competitive edge? Four major accountants weighed in their opinions in a recent report in The Business Times (January, 2010).
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