Withholding Tax Services

In the present market trend businesses are more difficult than any other time. With increasing regulatory demands, each business needs to have an effective tax strategy.

Things to consider

It is important to understand tax commitments, ensuring that your tax is adequately recorded and accounted. Failure of documenting and filing may lead to loss for service provider.

WHT Rates

WHT rates are based on the nature of the service provided and the relationship with the non-resident party. Withholding tax rates are as follows

  • Management fees – 20%
  • Royalties – 15%
  • Technical services – 5% or 15%
  • Interest – 5%
  • Dividends or profit remittances – 5%
  • Other Services – 15%