John Bradley
Joined: 8/14/2024
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Non-resident withholding tax on interest
I reside in and am a tax resident of Singapore. I currently receive interest payments from a UK investment company paid net of any withholding tax, which currently applies at 20% for all individuals and for companies and other entities based outside the UK. Given the UK and Singapore double taxation treaty, I believe I am eligible to receive interest paid gross of withholding tax. Is this understanding correct? If so, how may I apply to HMRC to provide the relevant documents justifying my eligibility to receive interest payments gross to the UK investment company? Thank you