AccountModificationInstructionV08acmt.003.001.08

Definition: Method by which the tax (withholding tax) is to be processed, that is, either withheld at source or tax information is reported to tax authorities or tax information is reported due to the provision of a tax certificate.

Type: TaxWithholdingMethod3Code (String)

Allowed Values:

• MITX (Minority Interest Tax): Minority interest tax is withheld.
• INVE (Investment Company): Withholding tax is applied to an investment company.
• ACCT (Accountant): Dividend tax is exempt according to the accountant.
• EXMT (Exempt): Dividend tax is exempt.
• REPT (Report Tax): Tax information is reported to the tax authorities and therefore not withheld at source.
• CRTF (Tax Certificate): Tax certificate is provided by the beneficiary from its tax authority in its country of residence. Therefore, the obligation of withholding tax is waived and tax information will be reported to the tax authorities.
• WHCO (Withholding Corporate Tax): Withholding tax is applied to a corporate.
• WTHD (Withhold Tax): Tax is withheld at source.
• WTRE (Withhold Tax And Report): Tax is withheld at source and the tax information is also reported to the tax authorities.