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 check whether your country has an active tax treaty with Singapore and to view applicable withholding tax rates, please refer to the official tax summaries list here: Singapore Corporate Withholding Taxes.
- Obtain a Certificate of Residency (CoR) from your local tax authority for the current tax year.
- Ensure the document clearly confirms your residency status for tax purposes.
- Email a digital copy of your CoR to taxform@bandlab.com.
- Wait for verification by the BandLab team to ensure compliance with IRAS requirements.
- If approved, your tax rate will be updated for all remaining payouts in the current calendar year.
Note
Tax treaty exemptions are valid only for the current tax year (ending December 31). On January 1 of each new year, your account will automatically revert to the default 10% Withholding Tax. To maintain your reduced 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.
Comments
Article is closed for comments.