Withholding Tax - 40th Run

24 June 2020, Wednesday

09.00AM - 05.00PM
Carlton Hotel Singapore,
76 Bras Basah Road,

Details/ Promotion:
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Programme Synopsis

Withholding tax, a tax on payments made to non-residents including employees, business partners and overseas agents, is an area often overlooked by businesses. Gain an understanding of withholding tax and how it affects your business in the introductory Withholding Tax workshop that will shed light on the types of payments that are subject to withholding tax as well as the compliance requirements.

Programme Outline

  • Basis of Taxation of Non-Residents
  • Income Deemed to be Sourced in Singapore
  • Types of Income Subject to Withholding Tax
  • Withholding Tax Treatment of Active Income vs Passive Income
  • Withholding Tax Exemptions
  • Calculating Withholding Tax Accurately
  • Timing of Withholding & Payment to IRAS
  • Penalties for Non-Compliance
  • Voluntary Disclosure
  • Minimising Withholding Tax Risks
  • Claiming Exemptions or Reduced Rates under DTAs
  • Establishing Internal Controls to Track Withholding Tax Obligations
  • Latest Withholding Tax Developments

About the Presenter(s)/ Trainer(s)

Mr Sivakumar Saravan
Tax Director
Crowe Horwath

Mr Sivakumar Saravan is a tax director at a mid-sized international accounting firm. He has more than 19 years of experience in tax compliance and tax consultancy work for individuals, local corporations, multinationals and financial institutions. Siva is currently the chairman of Crowe Horwath International’s Asia Pacific Tax Committee and a member of the Crowe Horwath International Tax Committee.

The industries that he has extensive experience in tax consultancy work include fund management, bio-technology, manufacturing, trading, education, healthcare, advertising, e-commerce and international shipping. He has also been the tax advisor to several companies during their initial public offering (on the Singapore Exchange) exercise.

Siva has extensive experience in advising clients on international tax implications of cross-border transactions involving the various countries in the region, including Australia, China, India, Indonesia, Malaysia, Thailand and Vietnam. He has also advised on appropriate holding company structures for several multinational companies based in Singapore for their outboard investments into Europe and the Asia Pacific region.

Siva has conducted several seminars on local and international tax and is routinely invited to speak on a wide spectrum of issues such as permanent establishment, transfer pricing, withholding tax and tax risk management. He is currently the consultant editor of CCH's Singapore Master Tax Guide manual. He is also one of the authors of the Worldwide Business Tax Guide and International Tax Planning – Expatriates & Migrants, both also published by CCH.

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