Withholding tax considerations in 2023
| Holding company comparison table | Hong Kong holding company | Singapore holding company |
|---|---|---|
| Thailand subsidiary withholding tax | ||
| Dividends remitted to holding company? | 10% | 10% |
| Consultancy fees remitted to holding company? | 15% | 15% |
| Royalties remitted overseas? (patents & trademarks) | 10% | 15% |
| Interest payments to holding company? | 15% | 15% |
| Taiwan subsidiary withholding tax | ||
| Dividends remitted to holding company? | 20% | 20% |
| Consultancy fees remitted to holding company? | 20% | 20% |
| Royalties remitted overseas? | 20% | 15% |
| Interest payments to holding company? | 20% | 20% |
| Australian subsidiary withholding tax | ||
| Unfranked dividends remitted to holding company? | 30% | 15% |
| Consultancy fees remitted to holding company? | 0% | 0% |
| Royalties remitted overseas? | 30% | 10% |
| Interest payments to holding company? | 10% | 10% |
| New Zealand subsidiary withholding tax | ||
| Dividends remitted to holding company? | 5% | 5% |
| Consultancy fees remitted to holding company? | 0% | 0% |
| Royalties remitted overseas? | 5% | 5% |
| Interest payments to holding company? | 10% | 10% |
| Philippines subsidiary withholding tax | ||
| Dividends remitted to holding company? | 15% | 15% |
| Consultancy fees remitted to holding company? | 30% | 30% |
| Royalties remitted overseas? | 30% | 25% |
| Interest payments to holding company? | 30% | 15% |
| Indonesian subsidiary withholding tax | ||
| Dividends remitted to holding company? | 5% | 10% |
| Consultancy fees remitted to holding company? | 20% | 20% |
| Royalties remitted overseas? | 5% | 15% |
| Interest payments to holding company? | 10% | 10% |
| Malaysian subsidiary withholding tax | ||
| Dividends remitted to holding company? | 0% | 0% |
| Consultancy fees remitted to holding company? | 5% | 5% |
| Royalties remitted overseas? | 8% | 8% |
| Interest payments to holding company? | 10% | 10% |
