Which kind of registration will be considered as a valid license to withhold 2% contractor withholding tax?
Contractors Withholding Tax and Rates: The Tax Guide 21 – Withholding Tax on Contractor Services defines the contractors withholding tax rates as below: 1. Contractors with business licenses:If the Contractor has a business license, the withholding rate is two percent (.02) of the gross payment to the Contractor. Contractors with business licenses will take credit […]