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What is the interest withholding rate between Australia and Singapore?
Under the Australia-Singapore tax treaty, the withholding rate on interest is 10%. Certain types of interest (such as government bonds) may qualify for additional exemptions under specific treaty articles. This 10% rate compares to a median of 10% across Australia's 48 active treaty partners, and 7% across Singapore's 42 active partners.
Network Comparison
Australia
Rank 36 of 48 active treaties (lowest rate = #1)
Lower rates with: Romania (10%), Russia (10%), Sweden (10%)
Higher rates with: Slovak Republic (10%), Thailand (10%), Turkey (10%)
Singapore
Rank 26 of 42 active treaties (lowest rate = #1)
Lower rates with: Norway (7%), Turkey (7.5%), South Africa (7.5%)
Higher rates with: Denmark (10%), Indonesia (10%), Japan (10%)
Important: Treaty rates require proper claim forms (e.g., IRS Form W-8BEN for U.S. treaties, HMRC DT-Individual for U.K. treaties, CRA Form NR301 for Canadian treaties) filed before payment. Limitation on Benefits (LOB) provisions may restrict eligibility. A 0% withholding rate does not mean no tax — the residence country may still tax the income. This is not tax advice.