NEW YORK, Nov. 8, 2018 /PRNewswire-PRWeb/ -- GlobeTax, the world's leading provider of withholding tax recovery services, announces the introduction of digital signatures to the firm's eCerts platform. eCerts facilitates electronic application for certificates of tax residency, and represents a key component of GlobeTax's U.S. tax offering. The suite of services helps foreign financial institutions adhere to documentation, withholding, and reporting requirements for clients receiving U.S.-sourced income.
Introduction of digital signatures promises to streamline the generation of the required IRS Form W-8 series. By eliminating the need for physical documentation from many investors, the feature will reduce the time involved in securing certification and expedite access to relief entitlements. As a result of the update, financial intermediaries – whether qualified (QI) or non-qualified (NQI) – can deliver a better user experience to investors.
The feature comes in response to the IRS decision to allow digital signatures, a decision which has positioned the tax authority as a front-runner among global peers by providing investors with a more efficient path to obtaining treaty benefits.
Those wishing to learn more about digital signatures and GlobeTax's suite of information and reporting services for non-U.S. financial institutions should contact Info(at)GlobeTax(dot)com.
SOURCE GlobeTax
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