Poonawalla fincorps
Poonawalla fincorps

Buyers Credit

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(Querist)
22 February 2009 I am arranging Buyers credit facility for a customer, through a bank based in Singapore. Can you plz tell me at what rate withholding tax will be payable by the client. Also, if you can tell, what will be the process of paying this withholding tax.
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Guest (Expert)
02 July 2011 Withholding tax of 10% if loan is granted by a bank

For further details you can refer to below link

http://buyerscredit.wordpress.com/2011/06/13/wht-withholding-tax-on-interest-on-buyers-credit/

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