Income derived by a non-resident arbitrator for arbitration work carried out in Singapore will be exempt from tax, subject to qualifying conditions.
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Qualifying for Tax Exemption
Income derived by a non-resident arbitrator for arbitration work carried out in Singapore for the period from 3 May 2002 to 31 March 2022 will be 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.
New! The tax exemption will be extended till 31 March 2023. From 1 April 2023 to 31 Dec 2027, gross income derived by such non-resident arbitrators from arbitration work carried out in Singapore will be 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.
Inquiries on Tax Exemption
For the purposes of this tax exemption, SIAC (Singapore International Arbitration Centre) 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.