10 Withholding Tax

This topic describes the information about the configuration of Interest Paid on the accounts.

Withholding Tax can be configured on interest paid on Oracle Banking Liquidity Management accounts. This feature will cater to the regulatory needs in WHT applicable regions.

WHT can be configured on following accounts:

• Accounts in Oracle Banking Liquidity Management with IC computed on the accounts but not part of structure
• Notional Pool structure – Interest method
• Notional Pool structure – Advantage method

This topic contains the following subtopics:

• Oracle Banking Liquidity Management Accounts with IC
  This topic describes the information about the Oracle Banking Liquidity Management Accounts with IC.
• Pool Interest Method
  This topic describes the information about the Pool Interest Method.
• Advantage Method
  This topic describes the information about the advantage method for the pool structure.