withholding tax for machine spare parts trading

Normally, we do business of machine spare parts trading which we will deliver goods to customer and charge them the delivery fee together with goods charge on the same tax invoice, but we will separate the fee of goods and delivery. If customer company has paid to us,...

Withholding tax for bonus

How do you calculate withholding tax for bonus? Panwa: Please note that Bonus is considered as income derived from employment in according to the Revenue Code. Thus, calculation of the personal withholding tax must include bonus with the other assessable income...

Withholding Tax

Withholding TaxCertain types of income paid to companies are subject to withholding tax at source. The withholding tax rates depend on the types of income and the amount of tax status of recipient. The payer of income is required to file the return (Form CIT 53) and...