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  1. Designating the House as a qualified intermediary

  2. Registering Tax Withholding Agreements for customers

  3. Setting up Country Tax Rates

  4. Setting up Cross-Border Tax Rates

Registering the House as a qualified intermediary

If we are NOT registered as a qualified intermediary for a country we are not entitled to manage tax withholding for that country and thus our customers will be subject to double taxation. If we are registered as a qualified intermediary we can register that in BFS by navigating to the House View.

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We will Click on Create in the top right corner to register a country where we are acting as a qualified intermediary.

Registering tax withholding agreements for customers

For BFS to manage source taxation automatically for customers we need to have customers sign a tax withholding agreement for the relevant country.

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