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What is the interest withholding rate between Singapore and Thailand?
Under the Singapore-Thailand 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 7% across Singapore's 42 active treaty partners, and 10% across Thailand's 22 active partners.
Network Comparison
Singapore
Rank 35 of 42 active treaties (lowest rate = #1)
Lower rates with: Malaysia (10%), New Zealand (10%), Sweden (10%)
Higher rates with: Vietnam (10%), Italy (12.5%), Pakistan (12.5%)
Thailand
Rank 15 of 22 active treaties (lowest rate = #1)
Lower rates with: Netherlands (10%), Pakistan (10%), Sweden (10%)
Higher rates with: Vietnam (10%), Canada (15%), Indonesia (15%)
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.