1970-01-01 - 1970-01-01
Withholding Income Tax refers to the tax amount deducted by the payer from the payment given to the recipient. The payer is responsible for submitting this deducted tax to the Revenue Department.
1970-01-01 - 1970-01-01
"Withholding income tax" refers to a method of prepaid tax collection. The law mandates that the payor must deduct taxes from the income paid to the recipient each time such income is disbursed.