e-WHT allows HSBC to submit WHT 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
- No longer have to prepare, deliver or store any form of WHT certificate
- No longer required to submit WHT tax filing to the Revenue Department
- Can review WHT payments via the Revenue Department’s website
Benefits to Payees
- No longer required to store any form of WHT certificate
- No more random inspections by Revenue Department on WHT payments
- Gain a WHT tax rate deduction (tax deferral)
- Faster income tax refund process
- Can review WHT payments via the Revenue Department’s website
