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What is the interest withholding rate between Singapore and Vietnam?
Under the Singapore-Vietnam 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 Vietnam's 26 active partners.
Network Comparison
Singapore
Rank 36 of 42 active treaties (lowest rate = #1)
Lower rates with: New Zealand (10%), Sweden (10%), Thailand (10%)
Higher rates with: Italy (12.5%), Pakistan (12.5%), Canada (15%)
Vietnam
Rank 22 of 26 active treaties (lowest rate = #1)
Lower rates with: Norway (10%), Poland (10%), Sweden (10%)
Higher rates with: Thailand (10%), United States (10%), 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.