Withholding tax is a tax our partners remit on our behalf to the government.
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It involves taking a certain percentage of payments and remitting it directly to the government as tax. It's usually deducted from the subscription plan amount (10%).
This tax is typically withheld by the payer and then submitted to the tax authorities.
If you're a business that pays taxes and uses Mono, it's important to be activated for WHT (withholding tax) before attempting to deduct the tax amount from your payment. This activation is important because if a payment is made without it, it will fail and be reversed.
For activation of WHT deductions, please send an email to [email protected].
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