Prepare a report on the workings of withholding tax

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Reference no: EM131368590

Taxation Assignment

The Section 45 of SITA is a provision to deal with payments to non-residents.

To what extent is this provision effective in Singapore context? Write a report (not exceeding 1,500 words) in a critique format including the following discussions:

Prepare a report (not exceeding 1,500 words) on the workings of withholding tax.

Your write up should focus on the following:

1) The operations of S45 of SITA, its rationale for implementation and other relevant sections pursuant to withholding tax;

2) The tax treatments of any 3 payments such as interest, royalties or technical assistance fees;

3) The consequences of defaulting withholding tax payments;

4) Exemptions if any.

5) Provide evidence of any press release of real cases of withholding tax in Singapore and to what extent it is effective.

6) Proper referencing is essential. Otherwise marks will be penalized.

1 Executive summary

2 Purpose of withholding tax

3 Discussion of at least 3 types of payments subject to withholding tax

4 Discussion of payments exempted from withholding tax

5 Consequences of defaulting withholding tax

6 Evidence of relevant case laws and press releases (3 cases at least, preferable in Singapore context)

7 Critical analysis of effectiveness of ACT on withholding tax in Singapore

8 Presentation: Structure, clarity, grammar, spelling, language

9 Evidence of originality - turnitin

10 Proper citations and evidence of good referencing skills

Reference no: EM131368590

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