Track withholding tax and foreign tax credits

Steps

1. 1

   Open Tax Intelligence, select Returns, then Withholding Tax

   In the left menu choose Tax Intelligence. Select Returns, then the Withholding Tax tab. The tab explains what is tracked and has one button, Open WHT Tracker.

   • Select Returns
   • Select Withholding Tax (WHT)
2. 2

   Select Open WHT Tracker

   Select Open WHT Tracker. The tracker opens on the current year, with four tiles: total transactions, gross foreign payments, WHT withheld and payment types.

   • Select Open WHT Tracker
3. 3

   Choose the fiscal year

   Open Fiscal Year at the top right and choose 2025, the year being prepared.

   • Select 2026
   • Choose 2025
4. 4

   Read the rule in the blue box

   The blue box states the rule. The Emirates applies a withholding rate of 0 percent to payments abroad, but every foreign payment must be disclosed in the annual corporate tax return. Countries that have a double tax treaty with the Emirates, shown as DTT, are flagged because a treaty can lower the tax withheld abroad.

5. 5

   Read WHT Transactions

   WHT Transactions lists payments made to recipients outside the Emirates. A record is created by itself when an expense carries a recipient country that is not the Emirates, which happens for supplier bills and for entries synced from an accounting system. None of the 2025 expenses is a payment abroad, so the list says No WHT transactions. Selecting a row, when there is one, opens its detail.

   

6. 6

   Select Detect Foreign WHT

   Tax withheld abroad from the entity's own income is found differently. Select Detect Foreign WHT, AI, at the top. The AI assistant reads the year's income and looks for amounts that arrived with foreign tax already taken off. A message reports how many new suggestions it made; here it says zero, because this credit had already been found on an earlier run and is still waiting for a decision.

   • Select Detect Foreign WHT (AI)
7. 7

   Read Foreign tax credits on income

   A section appears: Foreign tax credits on income, marked as awaiting your decision. Each detection is only a suggestion; it reaches the corporate tax return only after you confirm it. The line shows the date, the income received, Thamesbridge Bank in London with interest of 45,000 dirhams, the foreign tax withheld of 9,000 with the AI's confidence, the country and the credit limit of 4,050. The limit is 9 percent of the income, the corporate tax the Emirates would charge on it.

8. 8

   Select Review and confirm

   Select Review and confirm on the line. The window Confirm foreign tax credit opens with the income and the credit limit, and four boxes filled from the detection: the foreign tax withheld, the country that withheld it, the withholding rate and the certificate reference. Correct any figure that differs from the bank's tax certificate.

9. 9

   Confirm the credit

   In Withholding certificate reference type the reference printed on the bank's certificate, so the credit can be traced in an audit. Then select Confirm credit. The message says the credit is confirmed and that the corporate tax return applies it the next time it is computed. The line now offers Edit and Reject instead of Review and confirm, and a summary appears underneath: Inbound Foreign WHT, one transaction from the United Kingdom, a treaty country, with foreign income of 45,000 and creditable tax of 9,000.

   • Type Withholding certificate reference: TBB-WHT-2025-0118
   • Select Confirm credit