Course Detail()

Programme Objective

Withholding tax is an area that is commonly overlooked by many companies. This course aims to provide important concepts to participants and reduce the complexities in understanding withholding tax obligations in Singapore.

Programme Outline

What is withholding tax?
Step-by-step process – is payment subject to withholding tax?
Common types of payments subject to withholding tax
Available exemptions and exceptions
How to compute and when to pay?
Penalties and IRAS’ queries
Case studies

On the completion of this course, you will:

Understand the main concept of withholding tax
Learn the process of identifying what payments trigger Singapore withholding taxes
Learn how to compute and when to pay withholding taxes
Understand what documentation is required to be maintained in the event of queries from IRAS on the withholding taxes paid

Training Methodology

Lecture style with practical illustrations, case studies and interactive discussions

Closing Date for Registration
1 week before programme or until full enrolment.

Intended For

A Foundation to Intermediate level programme intended for Accounting, Finance and Tax Professionals. Also suitable for personnel who are involved in accounts payable work and regularly negotiates contracts with non-resident individuals and companies.

Schedule & Fees

Testimonial

Past Participant

Funding

1] NTUC Union Training Assistance Programme (UTAP)

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 1 July 2020 to 31 December 2025.

*Unfunded course fee refers to the balance course fee payable after applicable government subsidies. This excludes material fees, registration fees, misc. fees etc.

This course is approved for UTAP support for intakes conducted between 08 February 2024 – 31 March 2025.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

For more information on UTAP Funding and to submit for UTAP claims, please visit https://www.ntuc.org.sg/uportal/programmes/union-training-assistance-programme. Terms and conditions apply.

Programme Facilitator(s)