Indonesia – Singapore Tax Treaty
The Indonesia-Singapore tax treaty caps withholding on dividends at 15% for portfolio investors and 10% for qualifying direct investment, and interest at 10%. Royalty rates vary by category, from 10% on copyright to 15% on film and television. Private pensions are taxable only in the country of residence, with no withholding at source. This is one of 31 active treaties in Indonesia's network and one of 42 in Singapore's. The general dividend rate of 15% compares to a median of 15% across Indonesia's network and 15% across Singapore's.
Verified data
DJP Tax Treaty Network (pajak.go.id) (Treaty list verified April 2026. Rates from individual treaty texts (Articles 10-12).)
Withholding Rate Summary
Source: Indonesia Treaty Reference| Income Type | Treaty Rate | Statutory Rate (Indonesia) |
|---|---|---|
| Dividends (general) Portfolio investors | 15%saves 5% | 20% |
| Dividends (qualified) Beneficial owner is a company holding >= 10% of voting stock | 10%saves 10% | 20% |
| Interest Bank interest, bonds, loans | 10%saves 10% | 20% |
| Royalties (avg) Patents, copyright, know-how, film/TV | 11.3% | — |
| Pensions Private pension distributions | 0% | — |
| Social Security Government social security benefits | 0% | — |
“Treaty Rate” is the maximum withholding permitted under this treaty. The actual effective rate may be lower if domestic law provides a more favorable rate independently. “Statutory Rate (Indonesia)” shows the rate that applies when no treaty benefit is claimed. Qualified dividend rate requires: Beneficial owner is a company holding >= 10% of voting stock.
Dividends
The general dividend rate of 15% applies to portfolio investors. A reduced rate of 10% is available when beneficial owner is a company holding >= 10% of voting stock. Without the treaty, the statutory withholding rate on dividends is 20%.
Source: Indonesia Treaty Reference
Interest
Interest payments (bank interest, bonds, loans) are subject to 10% withholding under this treaty, compared to the 20% statutory rate. This represents a 10% reduction from the statutory rate.
Source: Indonesia Treaty Reference
Royalties
Royalty withholding rates vary by the type of intellectual property. This treaty distinguishes 4 categories, with rates ranging from 10% to 15%.
Source: Indonesia Treaty Reference
Pensions & Social Security
Private pension distributions are taxable only in the country of residence, with no withholding at source. Government social security benefits are exempt from source-country withholding.
Source: Indonesia Treaty Reference
Comparative Context
🇮🇩Indonesia's Network
Among Indonesia's 31 active treaty partners, the 15% general dividend rate ranks 24th (median: 15%).
| Partner | Rate |
|---|---|
| Pakistan | 15% |
| Poland | 15% |
| Sweden | 15% |
| Singapore (this treaty) | 15% |
| Turkey | 15% |
| United States | 15% |
| Vietnam | 15% |
🇸🇬Singapore's Network
Among Singapore's 42 active treaty partners, the 15% general dividend rate ranks 29th (median: 15%).
| Partner | Rate |
|---|---|
| Egypt | 15% |
| France | 15% |
| United Kingdom | 15% |
| Indonesia (this treaty) | 15% |
| India | 15% |
| Italy | 15% |
| Japan | 15% |