Many taxpayers are unaware of the fact that withholdings tax might be applicable to them, even more so when they are responsible for the withholding itself. International transactions, declaring dividends and making gratuitous donations – all of these activities might attract withholdings taxes, and it is important that all parties to these transactions are aware of their position and responsibility when it comes to the tax consequences thereof.
For this reason, ProBeta Training offers a session focused on these taxes and transactions, from the perspective of both supplying and receiving party.
This session aims to address the application of the provisions regarding this matter, including but not limited to:
• Withholding taxes on transactions with non-residents
o Foreign entertainers and sportspersons
o Royalties
o Interest
o Fixed property
o Exemptions
o Conversion of amounts in foreign currency
• Overview of dividends tax (please note that there are separate sessions available for a full coverage on this topic)
• Donations tax
o Exemptions
o Deemed donations
o Valuation of donations (including usufruct)
o Link to the tax implications of trusts, spouses, debt waivers, etc
