Set Up Withholding Tax Rates and Reclaim Rates

After you complete the account setup and SMF setup, you can add tax rates. You can use the:

• Create Global Tax Rates panel to add global tax rates.
• Create Override Tax Treaty panel to define criteria for a given entity, issue country, issue tax type, and effective date combination to override an existing global tax rate with another more narrowly defined global tax rate.
• Create Specific Global Tax Rates panel to override global tax rates for specific entity/security/effective date groupings with specific global tax rates.
• Tax Override Amount defined at the corporate action announcement level to define a tax exempt percentage used to override tax rates for cash dividends.
• Create Receivable Days Offset panel to add a tax reclaim receivable days offset.
• Reclass Reclaim Amount panel to reclassify the tax withholding, tax reclaim, and the dividend or coupon amount.

During processing, the system uses the tax reclaim processing hierarchy to apply the appropriate tax withholding and tax reclaim rates. For more information, see How Eagle Accounting Applies Tax Rates.