Withholding Taxes - Key Considerations & Recent Developments

Introduction

Withholding taxes often represent a real cost to both companies and individuals.

The global trend was to reduce withholding taxes as they were identified as a barrier to international trade. Recent events, however, have reversed this trend.

The introduction of the Subject to Tax Rule (STTR) means that some developing countries notably in sub-Saharan Africa will be able to impose withholding taxes on flows of income which were previously exempted under double tax treaties.

There have also been some other developments such as the UK imposing greater withholding taxes on interest and royalties. Other countries have imposed higher withholding taxes on dividends.

This new virtual classroom seminar will look at the ability of companies and individuals to access double tax treaties to be able to claim foreign tax credits against their withholding taxes.

Consideration will be given to the position of the UK in relation to its erstwhile partners in the European Union in terms of tax treaties.

This session is relevant to anyone who deals with international corporate or personal taxation.

What You Will Learn

This live and interactive session will cover the following:

• Accessing double tax treaties
• Cases including Burlington, GE Financial and Aozora
• UK and EU position regarding tax treaties
• Recent developments

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.