Tax solutions for T+1

The SEC’s adoption to shorten securities settlement cycles to one business day will have a direct impact on a firm's pre and post-trade tax operating models. The shortened settlement process will present challenges such as timely collection and validation of withholding certificates, properly calculating withholding on Interest, OID, market discount, and elective interest amortization adjustments. In addition, the move to T+1 may also present unique problems with regards to securities lending activities, PTP sales withholding under §1446(f) and other withholding obligations.

Designed by a team of leading industry experts, Tax Solutions by S&P Global Market Intelligence combines comprehensive technology and services to enable customers to scale and streamline global tax compliance processes that will become truncated under a T+1 environment.

Achieve timely and accurate regulatory compliance across all jurisdictions and regulatory obligations, including validation of Forms W-8, W-9, and self-certifications, accurate and timely withholding rate calculations, TIN matching, and tax information return reporting.