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.
Am I eligible for a reduced 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.
How to apply for a reduced tax rate
- 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.
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