WITHHOLDING TAX IMPLEMENTER

Manage your Withholding Tax Exposure and optimize your Relief and Reclaim Processes

Overview

This end-to-end withholding tax solution helps you cost-effectively minimize withholding taxes on your cross-border transactions, from determining the applicable withholding tax rate, to step-by-step guidance for payer and payee through withholding tax relief and/or refund claims including compliance requirements.

Tax Rules & Rates for 9 payment streams.

Filing Due Dates

Determines withholding tax relief at source or withholding tax reclaim process

Compliance obligations & withholding tax forms translated in English

Research

Comprehensive Library

An up-to-date library of tax rules and rates relevant to determine:

The remittance, reporting and filing obligations of both payer and payee.
The availability of relief from WHT at payment or by way of subsequent reclaim.
The applicable WHT rate for 9 payment streams (Dividends, Interest, Royalties Copyright, Royalties Patent, Royalties Trademark, Technical Service Fees, Management Service Fees, Capital Gains, Sales Income), including domestic, treaty and EU rates.

Collect

Provide Input

Users provide Jurisdiction, Ownership and Holding period as applicable. This information can be used in any solution on the Orbitax International Tax Platform.

Orbitax Connect (powered by Microsoft Azure Data Factory) allows seamless integration with other systems through APIs. There are 90 out-of-the-box connections including ERP Systems and databases such as ONESOURCE Tax Provision, Oracle, SAP, SQL, JD Edwards, Workday, and Netsuite. Connections to other systems can be custom built based on your company needs and department processes.

Calculate

Determine WHT Rate & Qualification for Relief

Users can determine the Withholding Tax (WHT) rate and assess qualification for relief with ease. By referencing domestic law, tax treaties, and EU law, the system precisely calculates the applicable withholding tax rate. Additionally, it outlines the availability of relief from withholding tax at the source or through subsequent reclaim processes. This ensures that users can make informed decisions and adhere to regulatory requirements in the ever-evolving landscape of international transactions.

Claim Relief

Claim Relief from WHT

WHT Implementer introduces a unique step-by-step procedure that identifies withholding tax relief at source or through the reclaim process for any specific cross-border transaction involving the 9 income streams covered by the solution. The system provides the necessary forms translated into English, simplifying the claim or reclaim process.

Comply

Deadlines & Due Dates

The Withholding Tax Implementer determines

The deadline for the payer / withholding agent to remit the tax withheld to the account of the Treasury.
The disclosure, reporting and filing due dates for both payer and recipient, including the required returns and forms.

Collaborate

Complete and manage the end-to-end withholding tax relief or reclaim process together.

Collaborate between all stakeholders to complete and manage the end-to-end withholding tax relief or reclaim process. Assign forms and procedures to stakeholders, with varying access levels and select fields to review or edit.

Powerful Collaboration Tools

Add any Orbitax solution license to receive a host of complimentary powerful tools to integrate with your daily workflow...

Dashboard & Analytics

Get an overview of various data elements being maintained on the Orbitax platform including footprint data and data from the Orbitax Tax Rules & Rates Database. Powered by Microsoft Power BI.

Contacts & Chat

Import your list of contacts into Orbitax, assign roles and permissions, and chat with individuals or create custom groups to discuss data population, filing obligations and anything in between.

Video Meetings

Use the built-in Orbitax Meet feature to start or schedule a video meeting with members from your Orbitax Contacts list. Arrange meetings, share your screen and save meeting recordings to the Orbitax Drive.

Document Repository

Secure document storage and management for all your tax documentation, files and meeting notes. Boost your file storage premium features available with the Orbitax Drive.

Task Manager

Assign tasks and timelines to various stakeholders, including checklists, attachments, comments, custom alerts and more. Monitor and manage all tasks from the powerful Task Manager dashboard.

Activity Tracker

Automatically monitors and displays all activity across your Orbitax projects, including when users log in, change/upload data, along with timestamps and ability to generate comprehesive audit reports.

Powerful Tax Solutions

Tax Rules Engine

Collaboration Tools