Income derived by a non-resident arbitrator for arbitration work carried out in Singapore will be exempt from tax from 1 Apr 2015 to 31 Mar 2023, subject to qualifying conditions. From 1 Apr 2023 to 31 Dec 2027, such income will be subject to withholding tax.
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Withholding tax treatment from 1 Apr 2023 to 31 Dec 2027
As announced during Budget 2022, gross income derived by non-resident arbitrators from arbitration work carried out in Singapore during 1 Apr 2023 to 31 Dec 2027 is subject to a concessionary withholding tax rate of 10%. Alternatively, non-resident arbitrators may elect to be taxed at 24% on net income, instead of 10% on gross income.
Withholding tax treatment from 3 May 2002 to 31 Mar 2023
Income derived by a non-resident arbitrator for arbitration work carried out in Singapore during the period from 3 May 2002 to 31 Mar 2023 is exempt from tax.
The tax exemption is applicable to all non-resident arbitrators who are appointed for any arbitration which is governed by the Arbitration Act or the International Arbitration Act or would have been governed by either of those Acts had the place of arbitration been in Singapore.
Enquiries on tax exemption
For the purposes of this tax exemption, the Singapore International Arbitration Centre (SIAC) will assist in determining whether a non-resident individual is an arbitrator engaged in arbitration work in Singapore.
For enquiries, please call SIAC at 6713 9777 .