Withholding Tax (WHT) is a tax deducted by clients from payments to suppliers. Here’s how to manage it effectively: 1. Verify Deductions: Check that WHT deductions align with applicable rates (5-10%).2. Communicate: Address discrepancies and seek clarification with clients.3. Obtain Documentation: Get WHT certificates or relevant proof from clients.4. Adjust Records: Update your financial statements […]
Read moreTaxes can be stressful for any business, and giving out hard-earned business income to the Government is often a hard pill to chew. While taxes are statutory obligations for companies, compliance can be easier to fulfil when businesses adopt smart tax savings strategies and tax planning methods. The details shared below will provide helpful guidance […]
Read more