What is Withholding Tax?

What is Withholding Tax?

Withholding Tax is a type of tax that gets collected directly by the person paying the money (the payer) on behalf of the person receiving the money (the recipient). It’s common in many tax systems and usually applies to money sent across borders, like payments for dividends, interest, royalties, and other income.

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Related Content for UAE Corporate Tax

Are Free Zone companies in UAE liable to Corporate Tax ?

Free Zone has distinct taxation system based on Qualifying Income and Excluded Income. It is therefore essential to know the kind of income taxable under UAE Corporate Tax Law for Free Zone companies.

Can you Split up your Business to claim Small Business Relief in the UAE?

If your business exceeds the Revenue Threshold limit for Small Business Relief, can you split up your business to claim Small Business Relief as per UAE Corporate Tax Law or will it constitute a Tax Crime punishable under the UAE Tax Procedures Law?

Who is a Taxable Person under UAE Corporate Tax Laws?

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