WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION
TAX RESIDENCE AND INTERNATIONAL PAYMENT POLICY
Effective Date:
January 01, 2026
Applies to:
Clients, Participants, Applicants, Financial Sponsors, paying companies, accounting departments, banks, payment systems, sponsors, partners, and other parties involved in payments for WESIO Events
United Kingdom
This Tax Residence and International Payment Policy explains the position of WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION LIMITED (“WESIO”) regarding requests for Certificates of Tax Residence, double taxation treaty documents, local tax forms, withholding tax procedures, currency control documents, banking forms, and similar tax-related or payment-related requirements connected with payments for participation in WESIO Events.
This Policy applies to payments for events organised, co-organised, supported, administered, or promoted by WESIO, including but not limited to Global Business Week, Family Business Camp, Business Tours, Forums, Conferences, Championships, Educational Programmes, Business Missions, Camps, Summits, and other international events.
This Policy must be read together with the WESIO Public Offer Agreement for Participation in Events, Application for Accession, Participation Policy, invoices, Conditional Offer Letters, Event documentation, pricing documents, refund schedules, and any other official documents issued or expressly approved by WESIO.
In the event of any inconsistency, contradiction, or difference of interpretation between this Policy and the Public Offer Agreement, the Public Offer Agreement shall prevail.
1. GENERAL POSITION
1.1. WESIO is a company incorporated in the United Kingdom under company number SC752638.
1.2. Payments for participation in WESIO Events shall be made in accordance with the applicable Public Offer Agreement, Application for Accession, Participation Policy, invoice, Conditional Offer Letter, Event documentation, pricing documents, and any other official documents issued or expressly approved by WESIO.
1.3. WESIO operates an international event participation model involving Clients, Participants, Financial Sponsors, sponsors, partners, companies, associations, clubs, banks, payment systems, and paying parties from multiple jurisdictions.
1.4. Due to the international nature of WESIO Events, Clients, Participants, Financial Sponsors, sponsors, companies, banks, and paying parties may be subject to different local tax, banking, currency control, withholding tax, remittance, repatriation, reporting, or payment procedures in their own jurisdictions.
1.5. Such local requirements are outside WESIO’s control and are not part of WESIO’s standard tax obligations in the United Kingdom.
1.6. WESIO recognises that Certificates of Tax Residence and double taxation treaty mechanisms may be relevant in certain international transactions. However, such mechanisms are designed primarily to help a payer or income recipient claim tax relief where the relevant legal, documentary, procedural, and economic conditions are met. They are not intended to impose on WESIO a general obligation to administer the domestic tax, banking, currency control, or treaty relief procedures of every payer’s jurisdiction.
1.7. WESIO’s standard Event participation model is based on clear pricing, net invoicing, administrative efficiency, and equal treatment of international Clients and Participants. For this reason, local taxes, withholding taxes, tax-at-source procedures, treaty relief procedures, banking restrictions, and currency control procedures arising in the payer’s jurisdiction remain the responsibility and additional cost of the payer unless WESIO expressly agrees otherwise in writing.
2. NET PAYMENT PRINCIPLE
2.1. All invoices issued by WESIO represent net amounts payable to WESIO in full, unless expressly stated otherwise in writing by WESIO.
2.2. The amount stated in the WESIO invoice is the amount that must be received by WESIO as cleared funds.
2.3. Any taxes, withholding taxes, remittance taxes, repatriation taxes, transfer taxes, bank deductions, currency control deductions, local fiscal charges, reporting obligations, administrative requirements, or similar obligations arising in the jurisdiction of the Client, Participant, Financial Sponsor, payer, bank, payment system, sponsor, or other paying party are the sole responsibility and additional cost of that party.
2.4. Such obligations shall not reduce the net amount payable to WESIO.
2.5. Such obligations shall not create any compensation, reimbursement, refund, offset, deduction, document-provision, tax-administration, or tax-support obligation for WESIO.
2.6. If the payer is required by its domestic law, bank, payment system, tax authority, currency control authority, or other competent authority to make any local tax payment, deduction, declaration, filing, reporting, or withholding, the payer must handle such requirement independently and at its own cost.
3. TAX RESIDENCE CERTIFICATES AND SIMILAR DOCUMENTS
3.1. WESIO may from time to time receive requests for a Certificate of Tax Residence, double taxation treaty form, tax exemption form, beneficial ownership confirmation, tax relief application, local tax form, bank compliance form, currency control form, or similar document connected with payments for participation in WESIO Events.
3.2. WESIO is not obliged to obtain, provide, renew, legalise, apostille, translate, certify, submit, or support any Certificate of Tax Residence, double taxation treaty form, tax exemption form, beneficial ownership confirmation, tax relief application, local tax form, bank compliance form, currency control form, or similar document required by the laws, tax authorities, banks, payment systems, clients, sponsors, or counterparties in the payer’s jurisdiction.
3.3. WESIO may, at its sole discretion, agree in writing to provide or support certain documents in exceptional circumstances. Such agreement must be expressly confirmed by WESIO in writing and shall not create a general obligation for WESIO in relation to other Clients, Participants, payers, Events, jurisdictions, or future payments.
3.4. The absence of a Certificate of Tax Residence or similar document from WESIO shall not be treated as grounds for reducing, withholding, delaying, offsetting, refusing, or cancelling payment of a WESIO invoice unless WESIO has expressly agreed otherwise in writing.
3.5. A request for a Certificate of Tax Residence or similar document does not suspend, delay, reduce, or modify the payer’s obligation to pay the full net invoiced amount to WESIO.
4. LOCAL TAXES, WITHHOLDING TAXES AND TAXES AT SOURCE
4.1. Any local tax, withholding tax, tax at source, remittance tax, repatriation tax, transfer tax, reporting obligation, tax filing, tax deduction, fiscal charge, or similar obligation arising in the payer’s jurisdiction is the independent responsibility of the payer.
4.2. The payer must handle such obligations in accordance with its own local law, tax advice, accounting advice, banking procedures, and payment regulations.
4.3. If the payer’s jurisdiction requires payment of any tax, withholding, deduction, or mandatory fiscal charge at source, such amount shall be borne by the payer in addition to the invoiced amount, so that WESIO receives the full net invoiced amount without reduction.
4.4. WESIO shall not be responsible for determining whether the payer’s jurisdiction applies withholding tax, double taxation treaty relief, tax exemption, remittance procedures, repatriation procedures, or other local fiscal requirements.
4.5. WESIO shall not be responsible for the payer’s local tax reporting, tax filing, tax payment, tax relief application, bank compliance process, or currency control process.
4.6. The purpose of tax at source in many jurisdictions is to protect the tax base of the payer’s country and to ensure that cross-border payments to foreign recipients are subject to local review or withholding where required by local law. This is a domestic compliance mechanism of the payer’s jurisdiction and shall not be interpreted as a commercial or tax obligation of WESIO.
4.7. Where the payer’s domestic law requires the payer to withhold or pay tax at source, this obligation belongs to the payer’s jurisdiction and does not alter the commercial agreement that WESIO must receive the full net invoiced amount.
5. DOUBLE TAXATION TREATIES, TAX RELIEF AND ECONOMIC RATIONALE
5.1. WESIO acknowledges that certain jurisdictions may have double taxation treaties, tax conventions, tax relief mechanisms, reduced withholding tax rates, exemptions, or similar legal instruments that may, in specific circumstances, allow a payer to reduce or avoid tax withholding in its own jurisdiction.
5.2. Unless otherwise expressly agreed in a written agreement between the parties, the use, application, administration, or support of any double taxation treaty, tax convention, tax relief mechanism, exemption, reduced withholding tax rate, or similar local tax benefit shall not be treated as an automatic obligation of WESIO.
5.3. If the payer wishes to apply any double taxation treaty, tax convention, tax relief, exemption, reduced rate, or local tax benefit in its own jurisdiction, this shall remain the payer’s own responsibility and must be handled by the payer independently, at its own cost and with its own professional tax, accounting, legal, banking, and compliance advisers.
5.4. WESIO may, at its sole discretion, consider discussing such matters only where the relevant contract amount, transaction volume, long-term cooperation, recurring payment structure, or systematic contractual relationship makes the administration of such tax procedures economically reasonable and commercially justified for WESIO.
5.5. For the avoidance of doubt, the administration of tax treaty relief, tax residence documentation, local tax forms, withholding tax procedures, tax compensation mechanisms, bank compliance forms, currency control forms, accounting adjustments, and related correspondence may require the involvement of lawyers, accountants, financial specialists, compliance advisers, managers, directors, administrative staff, and other professionals. Such work creates additional administrative, legal, accounting, financial, managerial, banking, compliance, documentation, and client-servicing costs.
5.6. WESIO’s standard Public Offer Agreement and Participation Policy are designed for international participation in events involving Clients, Participants, Financial Sponsors, companies, associations, clubs, sponsors, and paying parties from multiple jurisdictions. In this model, it is not commercially reasonable for WESIO to administer the tax treaty, withholding tax, tax relief, or local tax compliance procedures of each individual payer or participant.
5.7. In many cases, the financial, administrative, legal, accounting, managerial, and compliance costs of administering tax treaty procedures may exceed the actual tax saving, tax compensation, or reduced withholding amount expected by the Client, Participant, Financial Sponsor, or paying party. For this reason, WESIO’s standard position is that such local tax matters shall remain the payer’s own responsibility and additional cost.
5.8. If a payer requests WESIO to participate in the administration, support, documentation, adjustment, compensation, reflection, or accommodation of any double taxation treaty procedure, reduced withholding rate, tax exemption, tax relief, withholding tax mechanism, tax residence certificate process, local tax form, banking form, or currency control procedure, such request shall be treated as a request for an amended commercial arrangement and not as a tax obligation of WESIO.
5.9. WESIO shall not be obliged to accept such amended commercial arrangement unless it is expressly agreed in writing. If WESIO agrees to such arrangement, WESIO may revise the total price, invoice amount, Participation Fee, Service Fee, Additional Fee, administrative fee, or other applicable charges to cover not only the amount of any tax, deduction, or fiscal charge, but also all additional administrative, legal, accounting, financial, managerial, banking, compliance, documentation, and client-servicing costs arising from such arrangement.
5.10. The payer is responsible for arranging and using any tax relief, treaty relief, reduced withholding tax rate, tax exemption, or local tax benefit available in its own jurisdiction. If the payer does not obtain, use, or properly apply such relief or benefit, WESIO shall not be responsible for the consequences. The amount payable to WESIO shall not be reduced, and the payer shall not be entitled to any discount, deduction, set-off, compensation, reimbursement, refund, payment deferral, or additional tax document from WESIO.
5.11. Payment of tax at source, withholding tax, remittance tax, repatriation tax, transfer tax, fiscal charge, or similar obligation in the payer’s jurisdiction shall not reduce the net amount payable to WESIO and shall not create any claim against WESIO.
5.12. For the purposes of UK tax logic, where WESIO receives the full net invoiced amount and the payer separately pays tax in its own jurisdiction from its own funds, such local tax payment is treated as the payer’s own cost and not as foreign tax suffered by WESIO. Accordingly, such payment shall not be treated as a basis for reducing the amount payable to WESIO.
6. UK TAX CONTEXT AND LEGAL REFERENCES
6.1. WESIO is incorporated in the United Kingdom and is subject to the applicable UK tax framework.
6.2. HM Revenue & Customs provides a procedure for UK residents to apply for a Certificate of Residence where such certificate is required to claim relief from foreign tax under a double taxation agreement or similar mechanism.
6.3. The existence of such HMRC procedure does not mean that WESIO is automatically obliged to obtain or provide a Certificate of Residence for every Client, Participant, Financial Sponsor, payer, bank, payment system, or foreign tax authority.
6.4. UK double taxation relief principles are designed to address situations where income may be taxed in more than one country and where the relevant legal conditions for relief are satisfied.
6.5. UK foreign tax credit relief is generally relevant where foreign tax has been paid on income that is also taxable in the UK. Where a foreign payer pays its own local tax separately and WESIO receives the full net invoiced amount, WESIO does not treat that payer’s local tax cost as a reduction of WESIO’s invoice or as WESIO’s own tax suffered abroad.
6.6. Relevant UK materials include, without limitation:
6.7. This Policy is not intended to replace UK tax advice, foreign tax advice, accounting advice, legal advice, or banking advice. Each payer remains responsible for obtaining professional advice in its own jurisdiction.
7. BANKING, CURRENCY CONTROL AND PAYMENT SYSTEM REQUIREMENTS
7.1. Any banking, payment system, currency control, remittance, anti-money laundering, compliance, or other payment-related requirements applicable in the payer’s jurisdiction are the responsibility of the payer.
7.2. The payer must arrange payment in such a manner that the full net invoiced amount is received by WESIO.
7.3. Bank charges, payment system charges, correspondent bank charges, exchange rate losses, currency conversion losses, currency control deductions, or similar costs shall be borne by the payer and shall not reduce the net amount received by WESIO.
7.4. WESIO is not obliged to complete, support, certify, legalise, apostille, translate, or submit local banking forms, currency control forms, payment permission forms, or similar documents required in the payer’s jurisdiction unless WESIO expressly agrees to do so in writing at its sole discretion.
8. REQUESTS TO ADJUST OR COMPENSATE LOCAL TAXES
8.1. If a Client, Participant, Financial Sponsor, sponsor, paying company, bank, payment system, or other paying party requests WESIO to adjust, support, reflect, compensate, absorb, administer, or otherwise accommodate any local tax, withholding tax, remittance tax, repatriation tax, bank deduction, currency control deduction, fiscal charge, or similar obligation, such request shall be treated as a request for an amended commercial arrangement and not as a tax obligation of WESIO.
8.2. WESIO may, at its sole discretion, revise the total price, invoice amount, Participation Fee, Service Fee, Additional Fee, administrative fee, or other applicable charges to cover not only the amount of the tax, deduction, or fiscal charge, but also any additional administrative, accounting, legal, compliance, banking, currency conversion, documentation, and client-servicing costs arising from such arrangement.
8.3. WESIO is not obliged to accept any such arrangement unless it is expressly agreed in writing and reflected in an amended invoice or additional invoice issued by WESIO.
9. NO REDUCTION OF INVOICE AMOUNT
9.1. The payer shall not reduce, withhold, offset, delay, or refuse payment of any WESIO invoice due to local tax, banking, payment system, currency control, reporting, remittance, repatriation, or similar requirements in the payer’s jurisdiction.
9.2. If any such requirement applies, it shall be treated as the payer’s own additional cost.
9.3. WESIO must receive the full net invoiced amount unless WESIO expressly agrees otherwise in writing.
10. RELATIONSHIP WITH OTHER WESIO DOCUMENTS
10.1. This Policy forms part of the general contractual and operational framework governing payments for WESIO Events.
10.2. This Policy must be read together with the Public Offer Agreement, Application for Accession, Participation Policy, Conditional Offer Letter, invoice, Event documentation, pricing documents, refund schedules, and any other official documents issued or expressly approved by WESIO.
10.3. In the event of any inconsistency, contradiction, or difference of interpretation between this Policy and the Public Offer Agreement, the Public Offer Agreement shall prevail.
10.4. Nothing in this Policy shall limit WESIO’s rights under the Public Offer Agreement, Participation Policy, invoice, Conditional Offer Letter, Event documentation, or applicable law.
11. FINAL PROVISIONS
11.1. This Policy is intended to provide general clarification for Clients, Participants, Financial Sponsors, paying companies, accounting departments, banks, sponsors, partners, and other parties involved in payments for participation in WESIO Events.
11.2. This Policy does not constitute tax advice, legal advice, banking advice, or accounting advice to the Client, Participant, Financial Sponsor, payer, sponsor, bank, payment system, or other paying party.
11.3. Each payer must obtain its own professional advice in its own jurisdiction regarding taxes, withholding, reporting, banking, currency control, and payment requirements.
11.4. WESIO may update this Policy from time to time by publishing a new version on its website or by otherwise making it available through official communication channels.
11.5. This Policy is governed by the legal framework stated in the Public Offer Agreement.
WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION LIMITED
Company number SC752638
United Kingdom of Great Britain and Northern Ireland
© 2022–2026 WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION LIMITED
ALL RIGHTS RESERVED
This Policy applies to payments for events organised, co-organised, supported, administered, or promoted by WESIO, including but not limited to Global Business Week, Family Business Camp, Business Tours, Forums, Conferences, Championships, Educational Programmes, Business Missions, Camps, Summits, and other international events.
This Policy must be read together with the WESIO Public Offer Agreement for Participation in Events, Application for Accession, Participation Policy, invoices, Conditional Offer Letters, Event documentation, pricing documents, refund schedules, and any other official documents issued or expressly approved by WESIO.
In the event of any inconsistency, contradiction, or difference of interpretation between this Policy and the Public Offer Agreement, the Public Offer Agreement shall prevail.
1. GENERAL POSITION
1.1. WESIO is a company incorporated in the United Kingdom under company number SC752638.
1.2. Payments for participation in WESIO Events shall be made in accordance with the applicable Public Offer Agreement, Application for Accession, Participation Policy, invoice, Conditional Offer Letter, Event documentation, pricing documents, and any other official documents issued or expressly approved by WESIO.
1.3. WESIO operates an international event participation model involving Clients, Participants, Financial Sponsors, sponsors, partners, companies, associations, clubs, banks, payment systems, and paying parties from multiple jurisdictions.
1.4. Due to the international nature of WESIO Events, Clients, Participants, Financial Sponsors, sponsors, companies, banks, and paying parties may be subject to different local tax, banking, currency control, withholding tax, remittance, repatriation, reporting, or payment procedures in their own jurisdictions.
1.5. Such local requirements are outside WESIO’s control and are not part of WESIO’s standard tax obligations in the United Kingdom.
1.6. WESIO recognises that Certificates of Tax Residence and double taxation treaty mechanisms may be relevant in certain international transactions. However, such mechanisms are designed primarily to help a payer or income recipient claim tax relief where the relevant legal, documentary, procedural, and economic conditions are met. They are not intended to impose on WESIO a general obligation to administer the domestic tax, banking, currency control, or treaty relief procedures of every payer’s jurisdiction.
1.7. WESIO’s standard Event participation model is based on clear pricing, net invoicing, administrative efficiency, and equal treatment of international Clients and Participants. For this reason, local taxes, withholding taxes, tax-at-source procedures, treaty relief procedures, banking restrictions, and currency control procedures arising in the payer’s jurisdiction remain the responsibility and additional cost of the payer unless WESIO expressly agrees otherwise in writing.
2. NET PAYMENT PRINCIPLE
2.1. All invoices issued by WESIO represent net amounts payable to WESIO in full, unless expressly stated otherwise in writing by WESIO.
2.2. The amount stated in the WESIO invoice is the amount that must be received by WESIO as cleared funds.
2.3. Any taxes, withholding taxes, remittance taxes, repatriation taxes, transfer taxes, bank deductions, currency control deductions, local fiscal charges, reporting obligations, administrative requirements, or similar obligations arising in the jurisdiction of the Client, Participant, Financial Sponsor, payer, bank, payment system, sponsor, or other paying party are the sole responsibility and additional cost of that party.
2.4. Such obligations shall not reduce the net amount payable to WESIO.
2.5. Such obligations shall not create any compensation, reimbursement, refund, offset, deduction, document-provision, tax-administration, or tax-support obligation for WESIO.
2.6. If the payer is required by its domestic law, bank, payment system, tax authority, currency control authority, or other competent authority to make any local tax payment, deduction, declaration, filing, reporting, or withholding, the payer must handle such requirement independently and at its own cost.
3. TAX RESIDENCE CERTIFICATES AND SIMILAR DOCUMENTS
3.1. WESIO may from time to time receive requests for a Certificate of Tax Residence, double taxation treaty form, tax exemption form, beneficial ownership confirmation, tax relief application, local tax form, bank compliance form, currency control form, or similar document connected with payments for participation in WESIO Events.
3.2. WESIO is not obliged to obtain, provide, renew, legalise, apostille, translate, certify, submit, or support any Certificate of Tax Residence, double taxation treaty form, tax exemption form, beneficial ownership confirmation, tax relief application, local tax form, bank compliance form, currency control form, or similar document required by the laws, tax authorities, banks, payment systems, clients, sponsors, or counterparties in the payer’s jurisdiction.
3.3. WESIO may, at its sole discretion, agree in writing to provide or support certain documents in exceptional circumstances. Such agreement must be expressly confirmed by WESIO in writing and shall not create a general obligation for WESIO in relation to other Clients, Participants, payers, Events, jurisdictions, or future payments.
3.4. The absence of a Certificate of Tax Residence or similar document from WESIO shall not be treated as grounds for reducing, withholding, delaying, offsetting, refusing, or cancelling payment of a WESIO invoice unless WESIO has expressly agreed otherwise in writing.
3.5. A request for a Certificate of Tax Residence or similar document does not suspend, delay, reduce, or modify the payer’s obligation to pay the full net invoiced amount to WESIO.
4. LOCAL TAXES, WITHHOLDING TAXES AND TAXES AT SOURCE
4.1. Any local tax, withholding tax, tax at source, remittance tax, repatriation tax, transfer tax, reporting obligation, tax filing, tax deduction, fiscal charge, or similar obligation arising in the payer’s jurisdiction is the independent responsibility of the payer.
4.2. The payer must handle such obligations in accordance with its own local law, tax advice, accounting advice, banking procedures, and payment regulations.
4.3. If the payer’s jurisdiction requires payment of any tax, withholding, deduction, or mandatory fiscal charge at source, such amount shall be borne by the payer in addition to the invoiced amount, so that WESIO receives the full net invoiced amount without reduction.
4.4. WESIO shall not be responsible for determining whether the payer’s jurisdiction applies withholding tax, double taxation treaty relief, tax exemption, remittance procedures, repatriation procedures, or other local fiscal requirements.
4.5. WESIO shall not be responsible for the payer’s local tax reporting, tax filing, tax payment, tax relief application, bank compliance process, or currency control process.
4.6. The purpose of tax at source in many jurisdictions is to protect the tax base of the payer’s country and to ensure that cross-border payments to foreign recipients are subject to local review or withholding where required by local law. This is a domestic compliance mechanism of the payer’s jurisdiction and shall not be interpreted as a commercial or tax obligation of WESIO.
4.7. Where the payer’s domestic law requires the payer to withhold or pay tax at source, this obligation belongs to the payer’s jurisdiction and does not alter the commercial agreement that WESIO must receive the full net invoiced amount.
5. DOUBLE TAXATION TREATIES, TAX RELIEF AND ECONOMIC RATIONALE
5.1. WESIO acknowledges that certain jurisdictions may have double taxation treaties, tax conventions, tax relief mechanisms, reduced withholding tax rates, exemptions, or similar legal instruments that may, in specific circumstances, allow a payer to reduce or avoid tax withholding in its own jurisdiction.
5.2. Unless otherwise expressly agreed in a written agreement between the parties, the use, application, administration, or support of any double taxation treaty, tax convention, tax relief mechanism, exemption, reduced withholding tax rate, or similar local tax benefit shall not be treated as an automatic obligation of WESIO.
5.3. If the payer wishes to apply any double taxation treaty, tax convention, tax relief, exemption, reduced rate, or local tax benefit in its own jurisdiction, this shall remain the payer’s own responsibility and must be handled by the payer independently, at its own cost and with its own professional tax, accounting, legal, banking, and compliance advisers.
5.4. WESIO may, at its sole discretion, consider discussing such matters only where the relevant contract amount, transaction volume, long-term cooperation, recurring payment structure, or systematic contractual relationship makes the administration of such tax procedures economically reasonable and commercially justified for WESIO.
5.5. For the avoidance of doubt, the administration of tax treaty relief, tax residence documentation, local tax forms, withholding tax procedures, tax compensation mechanisms, bank compliance forms, currency control forms, accounting adjustments, and related correspondence may require the involvement of lawyers, accountants, financial specialists, compliance advisers, managers, directors, administrative staff, and other professionals. Such work creates additional administrative, legal, accounting, financial, managerial, banking, compliance, documentation, and client-servicing costs.
5.6. WESIO’s standard Public Offer Agreement and Participation Policy are designed for international participation in events involving Clients, Participants, Financial Sponsors, companies, associations, clubs, sponsors, and paying parties from multiple jurisdictions. In this model, it is not commercially reasonable for WESIO to administer the tax treaty, withholding tax, tax relief, or local tax compliance procedures of each individual payer or participant.
5.7. In many cases, the financial, administrative, legal, accounting, managerial, and compliance costs of administering tax treaty procedures may exceed the actual tax saving, tax compensation, or reduced withholding amount expected by the Client, Participant, Financial Sponsor, or paying party. For this reason, WESIO’s standard position is that such local tax matters shall remain the payer’s own responsibility and additional cost.
5.8. If a payer requests WESIO to participate in the administration, support, documentation, adjustment, compensation, reflection, or accommodation of any double taxation treaty procedure, reduced withholding rate, tax exemption, tax relief, withholding tax mechanism, tax residence certificate process, local tax form, banking form, or currency control procedure, such request shall be treated as a request for an amended commercial arrangement and not as a tax obligation of WESIO.
5.9. WESIO shall not be obliged to accept such amended commercial arrangement unless it is expressly agreed in writing. If WESIO agrees to such arrangement, WESIO may revise the total price, invoice amount, Participation Fee, Service Fee, Additional Fee, administrative fee, or other applicable charges to cover not only the amount of any tax, deduction, or fiscal charge, but also all additional administrative, legal, accounting, financial, managerial, banking, compliance, documentation, and client-servicing costs arising from such arrangement.
5.10. The payer is responsible for arranging and using any tax relief, treaty relief, reduced withholding tax rate, tax exemption, or local tax benefit available in its own jurisdiction. If the payer does not obtain, use, or properly apply such relief or benefit, WESIO shall not be responsible for the consequences. The amount payable to WESIO shall not be reduced, and the payer shall not be entitled to any discount, deduction, set-off, compensation, reimbursement, refund, payment deferral, or additional tax document from WESIO.
5.11. Payment of tax at source, withholding tax, remittance tax, repatriation tax, transfer tax, fiscal charge, or similar obligation in the payer’s jurisdiction shall not reduce the net amount payable to WESIO and shall not create any claim against WESIO.
5.12. For the purposes of UK tax logic, where WESIO receives the full net invoiced amount and the payer separately pays tax in its own jurisdiction from its own funds, such local tax payment is treated as the payer’s own cost and not as foreign tax suffered by WESIO. Accordingly, such payment shall not be treated as a basis for reducing the amount payable to WESIO.
6. UK TAX CONTEXT AND LEGAL REFERENCES
6.1. WESIO is incorporated in the United Kingdom and is subject to the applicable UK tax framework.
6.2. HM Revenue & Customs provides a procedure for UK residents to apply for a Certificate of Residence where such certificate is required to claim relief from foreign tax under a double taxation agreement or similar mechanism.
6.3. The existence of such HMRC procedure does not mean that WESIO is automatically obliged to obtain or provide a Certificate of Residence for every Client, Participant, Financial Sponsor, payer, bank, payment system, or foreign tax authority.
6.4. UK double taxation relief principles are designed to address situations where income may be taxed in more than one country and where the relevant legal conditions for relief are satisfied.
6.5. UK foreign tax credit relief is generally relevant where foreign tax has been paid on income that is also taxable in the UK. Where a foreign payer pays its own local tax separately and WESIO receives the full net invoiced amount, WESIO does not treat that payer’s local tax cost as a reduction of WESIO’s invoice or as WESIO’s own tax suffered abroad.
6.6. Relevant UK materials include, without limitation:
- HMRC guidance on applying for a Certificate of Residence to claim tax relief abroad;
- HMRC guidance and collections concerning Double Taxation Relief for companies;
- HMRC guidance on relief for foreign tax paid;
- Taxation (International and Other Provisions) Act 2010, which forms part of the UK statutory framework for international tax and double taxation relief.
6.7. This Policy is not intended to replace UK tax advice, foreign tax advice, accounting advice, legal advice, or banking advice. Each payer remains responsible for obtaining professional advice in its own jurisdiction.
7. BANKING, CURRENCY CONTROL AND PAYMENT SYSTEM REQUIREMENTS
7.1. Any banking, payment system, currency control, remittance, anti-money laundering, compliance, or other payment-related requirements applicable in the payer’s jurisdiction are the responsibility of the payer.
7.2. The payer must arrange payment in such a manner that the full net invoiced amount is received by WESIO.
7.3. Bank charges, payment system charges, correspondent bank charges, exchange rate losses, currency conversion losses, currency control deductions, or similar costs shall be borne by the payer and shall not reduce the net amount received by WESIO.
7.4. WESIO is not obliged to complete, support, certify, legalise, apostille, translate, or submit local banking forms, currency control forms, payment permission forms, or similar documents required in the payer’s jurisdiction unless WESIO expressly agrees to do so in writing at its sole discretion.
8. REQUESTS TO ADJUST OR COMPENSATE LOCAL TAXES
8.1. If a Client, Participant, Financial Sponsor, sponsor, paying company, bank, payment system, or other paying party requests WESIO to adjust, support, reflect, compensate, absorb, administer, or otherwise accommodate any local tax, withholding tax, remittance tax, repatriation tax, bank deduction, currency control deduction, fiscal charge, or similar obligation, such request shall be treated as a request for an amended commercial arrangement and not as a tax obligation of WESIO.
8.2. WESIO may, at its sole discretion, revise the total price, invoice amount, Participation Fee, Service Fee, Additional Fee, administrative fee, or other applicable charges to cover not only the amount of the tax, deduction, or fiscal charge, but also any additional administrative, accounting, legal, compliance, banking, currency conversion, documentation, and client-servicing costs arising from such arrangement.
8.3. WESIO is not obliged to accept any such arrangement unless it is expressly agreed in writing and reflected in an amended invoice or additional invoice issued by WESIO.
9. NO REDUCTION OF INVOICE AMOUNT
9.1. The payer shall not reduce, withhold, offset, delay, or refuse payment of any WESIO invoice due to local tax, banking, payment system, currency control, reporting, remittance, repatriation, or similar requirements in the payer’s jurisdiction.
9.2. If any such requirement applies, it shall be treated as the payer’s own additional cost.
9.3. WESIO must receive the full net invoiced amount unless WESIO expressly agrees otherwise in writing.
10. RELATIONSHIP WITH OTHER WESIO DOCUMENTS
10.1. This Policy forms part of the general contractual and operational framework governing payments for WESIO Events.
10.2. This Policy must be read together with the Public Offer Agreement, Application for Accession, Participation Policy, Conditional Offer Letter, invoice, Event documentation, pricing documents, refund schedules, and any other official documents issued or expressly approved by WESIO.
10.3. In the event of any inconsistency, contradiction, or difference of interpretation between this Policy and the Public Offer Agreement, the Public Offer Agreement shall prevail.
10.4. Nothing in this Policy shall limit WESIO’s rights under the Public Offer Agreement, Participation Policy, invoice, Conditional Offer Letter, Event documentation, or applicable law.
11. FINAL PROVISIONS
11.1. This Policy is intended to provide general clarification for Clients, Participants, Financial Sponsors, paying companies, accounting departments, banks, sponsors, partners, and other parties involved in payments for participation in WESIO Events.
11.2. This Policy does not constitute tax advice, legal advice, banking advice, or accounting advice to the Client, Participant, Financial Sponsor, payer, sponsor, bank, payment system, or other paying party.
11.3. Each payer must obtain its own professional advice in its own jurisdiction regarding taxes, withholding, reporting, banking, currency control, and payment requirements.
11.4. WESIO may update this Policy from time to time by publishing a new version on its website or by otherwise making it available through official communication channels.
11.5. This Policy is governed by the legal framework stated in the Public Offer Agreement.
WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION LIMITED
Company number SC752638
United Kingdom of Great Britain and Northern Ireland
© 2022–2026 WORLD EDUCATION, SCIENCE AND INNOVATION ORGANISATION LIMITED
ALL RIGHTS RESERVED