Key Things You Should Know About The Deduction At Source (Withholding) Regulations 2024
KEY THINGS YOU SHOULD KNOW ABOUT THE DEDUCTION AT SOURCE(WITHHOLDING) REGULATIONS 2024
Background
Withholding Tax (WHT) was implemented as an advance payment of income tax and is deductible at source on payments made for certain transactions. It can be applied as a credit against income tax in most instances, except where the laws provide that the WHT is final tax.