When you use Hnry, your employer, recruiter or 3rd party may not need to make any Withholding Tax deductions on your behalf.
Hnry can take care of all your tax obligations on your behalf - which means they can pass the full gross amount through to us and we will make all of the relevant tax payments straight away, before immediately sending your money on to you.
When you start working for your employer or recruiter, you may be asked to provide them with a signed IR330C form. You can find this IRD form here. On this form, you can elect the minimum standard tax rate of 10%*. Alternatively, your Client may already have a Hnry exemption certificate on file. If this is the case, you can elect a rate of 0%.
If you do elect for your employer or recruiter to deduct Withholding Tax, this is no problem whatsoever. Please indicate this on the Client Details screen, which you'll find under 'Clients' on your Hnry Dashboard.
You might want to let your Employer or Recruiter know that Hnry will be handling all your financial arrangements, so any remittances or payment confirmations can be sent to email@example.com.
If you’d like us to speak to your Recruiter or Employer on your behalf, please let us know and we’d be happy to.
N.B. We have come across instances where some recruiters or employers have asked for Withholding Tax amounts to be itemised as a negative line on an Invoice. This is not the correct accounting procedure, and will lead to significant complications for both you and your employer at the end of the financial year. If you are being asked to do this, please contact one of our team immediately.
*for some industry types or working arrangements, this minimum rate will be higher than 10%