Introduction to Withholding Tax

The Withholding Tax functionality provides the capability to withhold tax on dividends for fixed income or bonds, except Qualified Domestic Institutional Investor (QDII) bonds. Withholding tax rates differ based on type of bonds and whether the dividend income derived is by a resident or non-resident investor. The tax reduction benefits or exemptions provided under double taxation treaty will only be granted based on applicable treaties to non-resident investors.


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