A withholding tax is a government requirement for the payer of an item of income to withhold or deduct tax from the payment, and pay that tax to the government. Many jurisdictions also require withholding tax on payments of interest or dividends. Governments use withholding tax as a means to combat tax evasion, and sometimes impose additional withholding tax requirements if the recipient has been delinquent in filing tax returns, or in industries where tax evasion is perceived to be common.
FINMART provides advisory on international tax consequences as well as on compliances of Witholding of Tax.
Any private or public company or a sovereign entity entering into any kind of international financial transaction is eligible for the services.
The documents needed vary from case to case. Let FINMART understand your needs and assist you in documents requirement.