As a Singapore-based company, BandLab is required by the Inland Revenue Authority of Singapore (IRAS) to apply a default 10% Withholding Tax (WHT) on all payouts to non-residents. However, if you reside in a country that has a Double Taxation Agreement (DTA) with Singapore, you may qualify for a reduced tax rate.
To see if your country has an active tax treaty with Singapore and view the applicable withholding tax rates, please visit the official tax summaries list here: Singapore Corporate Withholding Taxes.
- Obtain a Certificate of Residency (CoR)
- Contact your local tax authority to request an official document for the current tax year.
- Ensure the document clearly confirms your residency status for tax purposes.
- Email your document to the BandLab team
- Attach a digital copy of your CoR to an email.
- Send it to taxform@bandlab.com.
- Wait for verification
- Our team will review your document to ensure it meets IRAS compliance standards.
- If approved, your tax rate will be updated for all remaining payouts in the current calendar year.
Annual renewal required
Tax treaty exemptions are valid for the current tax year only (ending December 31st). On January 1st of each new year, your account will automatically revert to the default 10% Withholding Tax.
To maintain your reduced treaty rate, you must submit a new Certificate of Residency at the start of every year. Without a valid CoR, the standard 10% Withholding Tax will be applied to your earnings automatically.
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