EY Certification regarding the Withholding Tax

In Tax

Due to a fundamental change in the settlement of the withholding tax (WHT), many business executives doubt whether they have met all the requirements regarding the application of new regulations, and exercised due diligence in the verification of the possibility to use tax exemption.

Related topics Tax

How EY can help

EY WHT certification (part of the EY Tax Certification Program) responds to the market demand and constitutes tax audit regarding the correctness of WHT settlements in the two following variants:

  • Certification of selected transactions

    Analysis of the possibility to apply old rules (i.e. WHT exemptions or reduced WHT rates at the time of payment), including performance of tests of beneficial ownership of receivables (new definition) and the actual business activity.

    Result:

    Certification of transactions as regards the use of tax exemptions/ reduced rates for the purpose of the statutory Management Board statement obligation.

    Benefits:

    • Unambiguous information about the possibility to use tax exemptions or the reduced tax rate.
    • Document being the basis for signing the Statement of the Management Board
    • Due diligence exercised
    • Transferring the burden of verification onto EY

  • Certification regarding the WHT policy implemented at the company

    Analysis of the policy implemented and the procedures used regarding WHT settlements, including process and substantial verification of the principles of identification and qualification of transactions subject to WHT, and of the principles of contractors’ transactional status, for the application of tax exemptions and reduced tax rates.

    Result:
    Certification Opinion confirming the correctness of the WHT and transaction qualification policies in the light of new WHT rules.

    Benefits:

    • Substantial and process verification of the WHT settlement policies and procedures used
    • Confirmation of the correctness as regards the WHT settlement methodology
    • Minimisation of risks of personal and financial sanctions in the case of unsuitable verification procedures
       

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