Read this as a dated source table
This one-page PDF contains 20% entries for non-resident directors, net professional income and ordinary SRS withholding. It also contains concessions dated 2005, 2010–2020 and 2014. It should therefore be read as the source’s historical rate table, not as a confirmation that those 20% entries remain the rate for a new payment today. Determine the payment date and applicable current IRAS rules before using a rate. The following sections preserve what the original table actually states.
Interest, loan payments and movable-property royalties
The table lists 15% for interest, commission, fees and other payments connected with a loan or indebtedness. It lists 10% for royalties or lump sums for use of movable property, with that reduced 10% applying to payments due and payable on or after 1 January 2005. Footnote (a) limits these rates to income not derived from a trade, business, profession or vocation carried on or exercised by the non-resident individual in Singapore. Where it is derived from such Singapore activity, the source instead specifies 20%.
Professional services, entertainers and directors
For non-resident professionals such as consultants, trainers and coaches performing services in Singapore, the source gives 15% of gross income or 20% of net income. Non-resident public entertainers performing in Singapore are shown at 15% of gross income, with a historical 10% gross concession for income due and payable from 22 February 2010 to 31 March 2020. Non-resident directors’ remuneration, including directors’ fees, is shown at 20%. Gross and net bases must remain distinct; the entertainer concession is confined to its specified period.
SRS withdrawals and the declaration requirement
For SRS withdrawals by non-Singapore SRS account holders, the source’s general entry is 20%. From 1 July 2014 it states a 15% concession only where cumulative withdrawals in the calendar year do not exceed S$200,000 and the account holder has no other income besides those withdrawals in that calendar year. Both conditions must be declared using Form IR37B(1). The S$200,000 limit concerns cumulative withdrawals, not a separate allowance for each withdrawal. The table does not calculate the final annual assessment or establish any additional exemption.
Official source
This article independently explains the substantive contents of the official PDF, including the relevant conditions, procedures and annexes. The linked document remains the authoritative source for its original wording, and later changes should be checked separately.
Read the official PDF ↗