References in periodicals archive ?
In line with the policy, it has increased the number of withholding tax in the past five budgets to around 74 in addition to multiplying the tax rates.
They said that measures like imposition of withholding tax on bank transactions are not doing any service to the economy as it has been observed that tax collection machinery has no authentic data to specify difference between filers and non-filers.
16 plus 30% in excess of P2,192, or a total withholding tax of P448.
The levies of withholding tax on banking transactions would discourage the savers and is not useful for economy.
In a review petition, the government again requested to allow withholding tax on dividends as pass-through without any caps.
In addition, income that would otherwise be FDAP income is not subject to the 30% gross basis withholding tax if it is derived from the conduct of a U.
However, the amended bill approved by the NA has imposed a 10 percent withholding tax on commercial consumers.
The future implementation of the 3% withholding tax on most government contracts is authorized by section 511 of the Tax Increase Prevention and Reconciliation Act of 2005 (P.
Moreover, only a small portion of the withholding tax revenues currently collected by Canada relates to withholding on interest.
Belgium, Luxembourg and Austria will apply a 15% withholding tax for the first three years (2005-2007), 20% over the next three years (2008-2010) and 35% after 2011.
California had required a real estate withholding tax to be completed with the sale, and now the client was due a sizeable refund--except the withholding was credited to the trust, not to her.
Finance Minister Masajuro Shiokawa urged the ruling coalition parties Friday to decide quickly to abolish the withholding tax on capital gains on stocks.