If you make multiple purchases from one vendor and the accumulated purchase amount exceeds the contractor tax threshold. Do you need to withhold tax from all purchases?
1. Is there any threshold for withholding tax? A minimum threshold for withholding tax under Article 72 of Afghanistan income tax law is AFN 500,000. Transactions below this threshold are not subject to withholding income tax. However, if the aggregate of payments to a legal or natural person in a fiscal year exceeds or is […]