Scandinavia Withholding Tax

In Sweden, it is mandated by the government that income payers must withhold a 30% income tax from payments made to individuals. Additionally, they are required to contribute to social security, which can amount to as much as 31.42%, depending on the recipient's age group. As part of this process, Organo Gold will take responsibility for withholding the necessary taxes from your commissions. Furthermore, Distribution Partners must secure an F/FA registration once they reach a specific income threshold, which is outlined in the Application Form accessible through the Back Office. It is important to note that withholding tax does not apply in the countries of Finland, Denmark, and Norway. However, the Company is still obligated to remit commission payments to the appropriate authorities in both Denmark and Norway.