When will the Singapore Non-Resident Withholding Tax be withheld?

No action is required from you. We will automatically process the Singapore Non-Resident Withholding Tax as described.

Additional Information…

The Singapore Non-Resident Withholding tax applies to Interactive Brokers Singapore Pte. Ltd. (“IBSG”) customers who are treated as “non-residents” of Singapore for tax purposes. You are subject to this withholding tax if the country of tax residence on file for your account at IBSG is outside of Singapore…

The full amount of the tax withheld will be directly remitted to the Inland Revenue Authority of Singapore (“IRAS”) by  Interactive Brokers Singapore Pte. Ltd. (“IBSG”).

Additional Information…

The Singapore Non-Resident Withholding Tax is applied to the gross amount of the credit interest and short credit interest payments made to your account at the current statutory rate of 15%.

Additional Information…