e-Withholding Tax (e-WHT)

e-Withholding Tax (e-WHT)

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Simplifying your tax payments with e-Withholding Tax

e-Withholding Tax allows HSBC to submit withholding tax payments and information directly to the Revenue Department on your behalf, eliminating paper tax preparation, delivery, and storage, along with separate remittance of tax payments.

Benefits to Payers by using e-Withholding Tax

  • No longer have to prepare, deliver or store any form of withholding tax certificate
  • No longer required to submit withholding tax filing to the Revenue Department
  • Can review withholding tax payments via the Revenue Department’s website

Benefits to Payees by using e-Withholding Tax

  • No longer required to store any form of withholding tax certificate
  • No more random inspections by Revenue Department on withholding tax payments
  • Gain a withholding tax rate deduction (tax deferral)
  • Faster income tax refund process
  • Can review withholding tax payments via the Revenue Department’s website

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