1. Medium and Large Corporates
  2. Cash Management
  3. Payables Management
  4. e-Withholding Tax Service

e-Withholding Tax Service

  • e-Withholding Tax Servicee-Withholding Tax Service

e-Withholding Tax Service is offered for payer (a juristic person) who seeks convenient to submit withholding tax online by sending a payment instruction together with withholding tax information to the bank via UOB Business Internet Banking. After receiving the instruction, the bank automatically transfers funds to the beneficiary and remits the withholding tax amount to the Revenue Department. Notification to beneficiary is provided with a report of transactions for payer to verify on the bank’s system and Revenue Department’s website.

Key Features

  • Send your instructions via electronic channels anywhere anytime
  • Bypass your document preparation process (withholding tax certificate, separate income tax form with enclosures and withholding tax report)
  • Verify information and download evidence of withholding tax on the Revenue Department’s website 24/7

Benefit

  • More convenient to operate day-to-day business transactions
  • Less cost & time spending in preparing, sending and storing withholding tax certificates
  • Confident and easy to verify withholding tax information via electronic channels

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