Intermediary Multi-tier Manager & Digital Withholding Statements
Are complex, multi-tier withholding statements costing you valuable time and resources? Creating, processing and validating complex intermediary structures can be a time-consuming process that can tie up valuable tax operations resources.
Build and Validate Complex Intermediary Structures
Automate your processing of complex withholding statements with Advanced withholding statement capabilities including support for creating, processing, and editing of industry created statement formats. Creating an intermediary tree visualization of withholding statements with validated beneficiary W forms as part of a W-8IMY package can then be used for blended withholding rate calculations.
Integrate with our withholding tax calculator
Enable your tax teams to upload withholding statements including; Detailed, Simple, Alternative and Pooled for processing, editing and intermediary tree visualization. Withholding rates of beneficial owners, partners and transactions can be visualised in the TAINA platform by uploading a withholding statement and underlying owner forms.
- Build user friendly tree charts with multiple beneficiary intermediaries.
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Integrate with our withholding tax calculator to calculate withholding rates for intermediary's transactions.
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Uses withholding statement information uploaded in an industry standard excel template.
Create and Edit withholding statements
Create or edit uploaded withholdings statements using the TAINA multi-tier manager digital editor web interface. Our digital editor allows tax operatives to see and edit intermediary, pool or owner information, validation results, add intermediary tiers and edit withholding rates.
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Includes all key information (Investor Name, Investor ID, Chapter 3 status, ownership percentage)
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Allows percentage ownership allocation up to eight decimal places to validate ownership adds up to 100.
Reduce cost and time spent processing IMY transactions
Save time by eliminating the need for Tax Operatives to calculate and apply blended withholding rates manually to each intermediary transaction.. The TAINA Platform will provide a breakdown of any beneficial owners and underlying intermediary and then calculate and apply the appropriate withholding rates.
Manage Intermediary Structures with Intermediary Pro
After engaging with leading industry contacts, TAINA has gathered comprehensive insights on everything that Tax Operations teams want, need, and must have when it comes to managing IMY structures. We are excited to share that the development of IntermediaryPro is underway, bringing significant improvements that will soon make creating, updating, and exporting IMYs in the TAINA Platform easier than ever before.
- This enhanced tool will automate the collection and reading of withholding statements, while streamlining the calculation, management, and exportation of intermediary structures.
- As part of this evolution, we are also enhancing our Intermediary Tools, Digital Withholding Statement Functionality, and Multi-tier Manager to better meet industry demands.
