Administrators from private and public companies using Carta's international wire flow can now capture taxes.
Carta's international wire exercise flow now captures tax withholding amounts for cash exercises entered by participants in-app.
Upon reviewing and approving exercises of international participants, the administrator is able to update the tax withholding amount:
Upon approval of the exercise, the withholding amount will flow through to:
- the wire instructions communicated to the participant via a task(as the quantity to send for option cost and taxes)
- the confirmation of payment on the administrative side
- the exercised and settled report and tax withholding report