Overview of Withholding Tax (WHT)

Key requirements

First identify the recipient’s tax status and payment character. A company’s residence depends on control and management, not simply overseas incorporation. Individuals, independent professionals, directors and entertainers have different guidance. Rates vary by payment type and can be affected by treaty provisions. Filing and payment are generally due on the fifteenth of the second month after the defined payment date. That date is not always the bank-transfer date. Use the relevant applicability guide and retain the agreement and residence evidence supporting the decision.