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Occupational Withholding Tax Form

Occupational Withholding Tax Form

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What makes the occupational withholding tax form legally binding?

As the world takes a step away from in-office working conditions, the execution of paperwork more and more happens electronically. The occupational withholding tax form isn’t an any different. Handling it utilizing electronic tools is different from doing so in the physical world.

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Quick guide on how to complete occupational withholding tax form

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Video instructions and help with filling out and completing Occupational Withholding Tax Form

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Instructions and help about Occupational Withholding Tax Form

hey everyone Gerard here with another video on taxation so on this video I'm going to talk about some basic things on the withholding tax system here in the Philippines the withholding tax system is a system of collecting taxes at Source One common example of this is when employees receives their salaries it is already deducted with taxes the employer being the withholding agent will be responsible to remit the withheld taxes a withholding agent is any person or entity who is in control of the payment subject to withholding tax and therefore is required to deduct and remain taxes withheld to the government it is considered as an effective tool in the collection of taxes for the following reasons it encourages voluntary compliance it reduces cost of collection effort it prevents delinquencies and revenue loss and finally it prevents dry spell in the fiscal conditions of the government by providing revenues throughout the taxable period the withholding tax system here in the Phil

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