MT565: (36) Field 92a: Rate: Withholding Tax Rate
FORMAT
| Option A | :4!c//[N]15d | (Qualifier)(Sign)(Rate) |
| Option F | :4!c//3!a15d | (Qualifier)(Currency Code)(Amount) |
| Option K | :4!c//4!c | (Qualifier)(Rate Type Code) |
PRESENCE
Optional in optional sequence C
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
O |
TAXR |
N |
|
A, F, or K |
Withholding Tax Rate |
DEFINITION
This qualified generic field specifies:
TAXR |
Withholding Tax Rate |
Requested percentage of a cash distribution that will be withheld by the tax authorities of the jurisdiction of the issuer, for which a relief at source and/or reclaim may be possible. |
CODES
In option K, Rate Type Code must contain the following code:
UKWN |
Unknown Rate |
Rate is unknown by the sender or has not been established. |
NETWORK VALIDATED RULES
The integer part of Rate and Amount must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
If Rate is zero, Sign must not be present.
Currency Code must be a valid ISO 4217 currency code.
USAGE RULES
Sign must be present when Rate is negative.
Except if notified differently in the rate definition, when used with format option A (:4!c//[N]15d), the rate must be expressed as a percentage, not as a decimal fraction (12% must be identified by 12, and not 0,12).
