The Inland Revenue Authority of Singapore (IRAS) has published updated guidance on Payments that are Subject to Withholding Tax. The guidance covers the following types of payment that are subject to withholding tax when paid to non-resident companies:
- Interest, commissions or fees in connection with any loan or indebtedness;
- Royalties or other payments for the use of or the right to use any movable property;
- Payments for the use of or the right to use scientific, technical, industrial or c…