Withholding Tax and Cross Border Payments

Course objectives

• Identify the payment types that attract withholding tax
• Apply the correct domestic rate for each payment type
• Read a double taxation agreement and apply a reduced rate
• Hold the residence and beneficial ownership documentation required
• Recognise treaty shopping limitations and anti abuse provisions
• Handle gross up clauses and their commercial effect
• Correct a missed deduction and manage the exposure

Who should attend

• Tax managers and accountants
• Accounts payable and treasury staff
• Finance managers in multinational groups
• Legal and commercial staff drafting cross border contracts
• Internal auditors covering foreign payments

Course outline

1. 01Exposure sits with the payer
2. 02Payment types that attract withholding
3. 03Domestic rates across African jurisdictions
4. 04Reading a double taxation agreement
5. 05Applying a reduced treaty rate
6. 06Residence certificates and beneficial ownership
7. 07Anti abuse provisions and treaty shopping
8. 08Gross up, foreign credit and correcting errors

Scheduled sessions