Payment of renumerations to clients
Taxes. In accordance with the Tax Withholdings Act, Gramex withholds taxes in connection with the payment of remunerations. Under this Act, withholding is not made from remunerations paid to a recipient listed in the Advance Income Tax Collection Register.
Payment once a year. The smallest remuneration to be paid is confirmed by the General Meeting of Gramex. Gramex distributes the remunerations to the rightholders at a subsequent date, as soon as the necessary information for the distribution is available.
If overlapping claims are presented regarding any remuneration, Gramex will freeze the funds until the parties have arrived at an agreement regarding the matter, or until a final court ruling has been handed down regarding it.
> Distribution rules