In an international environment with an increasing focus on tax compliance, more and more clients are expecting from their banks to receive country specific client tax reports. By including additional information on applicable withholding tax rates on investment income in their client tax reports, banks can provide added value to their customers by giving them the necessary information to claim a reduction of withholding taxes on investment income and/or a tax credit for non-recoverable foreign taxes paid.
Deloitte offers through a subscription service standardised withholding tax tables, which are annually updated and include the non-recoverable withholding tax rates on investment income under double tax treaties concluded by a variety of jurisdictions.
The withholding tax tables for the chosen customer domicile countries are in Pdf, Excel and XML format as per leading client tax reporting software specifications.
Deloitte also offers a full outsourcing solution for their client tax reporting as well as advisory services supporting implementation and operation of an in-house solution.
