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Pwh Wa Form

Pwh Wa Form

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hello everyone and welcome to the tax gate withholding tax a common tax topic but what does it mean and how it works that's what we are going to discuss in this video so let's get started withholding tax it is a deduction made by the party who is processing the payment the payer applied at a source of income as tax paid in advance tax credit well so what are the types of withholding tax and how it works let's find out withholding tax would be classified as follows domestic or local withholding tax which would apply on the payments made to the local vendors and also offshore were foreign withholding tax which would apply on the payments made to foreign vendors or non-residents against cross-borders transactions so how it works let's understand together imagine that you are a customer who was making a payment to one of your local vendors against any provided goods or services ingly a specific percentage would be deducted from the vendor payment as a withho

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