The application generates the Summary Report showing the details of tax computed and tax collected and the difference amount for each account for individuals , when the user opts for “Withholding Tax Computataion – Individuals” .

When Withholding Tax is required to be collected as per FATCA Compliance for entities, users have to generate the Withholding Tax Computation Reports to enable the Institution to check the tax collected details. For this purpose, the user has to select the Month and Year and click on “Process Data ”

The application generates the Summary Report showing the details of tax computed and tax collected and the difference amount for each account for individuals , when the user opts for “Withholding Tax Computataion – entities” . A sample output of this report is provided below for reference.