Friday, February 26, 2016

Difference between Backup and Royalty withholding tax

No, it should take effect immediately upon form completion. You should check that your form was indeed sent. Some authors thought they had completed it but but for some reason their submissions did not go through. Also make sure you used a valid ID number.

I think the wait until next year thing relates to you being able to redeem the backup withholding tax as a tax return/deduction from your income tax.



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