Singapore Tax Agency Updates Guidance on Withholding Tax Rules for Payments to Nonresident Companies

The Singaporean Inland Revenue Authority April 29 updated guidance on the withholding tax rules for payments to nonresident companies. The updated guidance clarified the withdrawal of withholding tax concessions, effective Nov. 1, for: 1) the payment of services rendered to a nonresident related party, even if the payment was made under a cost-pooling arrangement; 2) any cost reimbursement of accommodation, meals, and transportation expenses liable to be paid to a nonresident company; and 3) any cost reimbursement payment to a nonresident head office for management, administration, human resource, and financial services. [Singapore, Inland Revenue Authority of Singapore, 04/29/22]

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