MT 574 (IRSLST) Field Specifications

24. Field 92A: Rate

FORMAT

Option A :4!c//[N]15d (Qualifier) (Sign) (Rate)

PRESENCE

Mandatory in an optional sequence

QUALIFIER

(Error code(s): T89)

Order M/O Qualifier R/N CR Options Qualifier Description
1 M TAXR N   A Withholding Tax Rate
2 O WITF N   A Withholding of Foreign Tax Rate
3 O WITL N   A Withholding of Local Tax Rate

DEFINITION

This qualified generic field specifies:

TAXR Withholding tax Rate Percentage of a cash distribution that will be withheld by a tax authority.
WITF Withholding of Foreign Tax Rate of foreign tax withheld by foreign tax authority with jurisdiction in the market where the issuer paid the income.
WITL Withholding of Local Tax Rate of local tax withheld by local tax authority with jurisdiction in the country where the beneficial owner resides.