More about the tag: Tax

This is a page for the tag Tax

Individual tax micro-account – What to know in 2024

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Date04 Jan 2024
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What is an individual tax micro-account? An individual tax micro-account serves as an individualized platform designed for making tax payments. Introduced on 1 January 2020, it was designed to streamline and simplify the process of tax payments. This system allows both taxpayers and employer-payors to make payments to the tax...
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Withholding Tax (WHT) 2022

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Date30 Mar 2022
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Interest, royalties and others Interest and royalties paid to a non-resident and fees for certain intangible assets and legal services (e.g. consulting, accounting, legal and technical services, advertising, data processing, market research, recruitment, management, inspection services and guarantees, etc.) are subject to 20% withholding tax, unless the rate is not...
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