Tax withholding services

For US securities, Indeval offers International Tax Withholding Services arranged with its international custodians. These services include receipt and review of tax documents, allocating the corresponding tax pool rates according to beneficial owner US tax status, year-end tax reporting, adjustment, and tax reclassification processing.

For taxable income payments to participants, beneficial treaty or 0% withholding rates are applied to amounts corresponding to beneficial owners who are eligible according to their submitted tax documentation.

Full taxable statutory withholding rates are applied to amounts with no supporting beneficial owner tax documentation. Adjustments and income reclassifications are processed as long as the required documentation meets the tax year's deadlines.

Custodians issue year-end tax reports to participants and beneficial owners on the income paid with the tax withholding breakdown for their yearly tax returns.