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So, the communication service tax isn’t really the same thing as an expanded withholding tax. They sound kind of similar, but they’re applied in different ways. Withholding tax is usually about income or payments where a portion gets held back for taxes. Communication service tax, on the other hand, comes from using certain telecom or communication services. It’s more like a usage-based charge rather than a straight income tax. A lot of people mix them up because both involve extra costs on top of what you’re already paying, but the purpose is different. Honestly, if you’re dealing with cross-border stuff and not sure which applies, it makes sense to check with a pro. Firms like Jarrar CPA can clear that up fast.
What else can I help you with?
Is overseas communication tax subject to expanded withholding tax?
Yes, overseas communication tax may be subject to expanded withholding tax, depending on the jurisdiction and specific tax laws applicable to cross-border transactions. In many countries, payments made for services, including communication services, to non-residents can be subject to withholding tax. It is essential to consult local tax regulations and possibly seek advice from a tax professional to determine the specific requirements and rates that apply.
Is overseas communication tax should be subject with withholding tax?
Yes, overseas communication services can be subject to withholding tax, depending on the tax laws of the country where the payment is made. Many jurisdictions impose withholding taxes on payments made to foreign entities for services rendered, including communication services. The specific applicability and rate of withholding tax can vary based on tax treaties and local regulations. It's essential to consult with a tax professional to understand the implications in a particular situation.
Is distribution of dividends subject to expanded withholding tax how much?
If by expanded withholding tax you mean "backup withholding" applicable to only certain people/Cos (especially foreign), yes. I've never hear of the term you used.
How do you compute expanded withholding tax on sales of goods if there is discount?
compute nased on net sales
Why withholding tax is required in SAP?
Withholding tax is not required in SAP but this functionality available for the countries where it is required. There are two kinds of Withholding tax, Classic and Extended.
Difference between income tax and withholding tax?
The income tax is what is paid by "withholding of tax" from someones payment/pay. Other taxes or charges, like insurance, worker comp, etc may be [apd by withholding the amount from payment/payroll. There is really no such thing as a tax on withholding.
What is Classic Withholding Tax?
Classic Withholding Tax applies to the practice in some countries for people paying invoices to hold back a certain portion of their payment for withholding tax purposes. The United Kingdom is one of the countries the utilizes the Classic Withholding tax method.
Is withholding tax a direct tax?
yes
What is total federal income tax withholding reported on the Thurstons' tax return?
16. The Thurstons' total federal income tax withholding is $
What is the type of tax you pay from their salary?
withholding tax
What is the money retained from a paycheck and credited against tax liability?
It is called tax withholding. Many people simply call it withholding.
Is a retirement pension subject to Federal Income tax withholding?
Withholding is optional on regular periodic retirement pension payments. You may request withholding if you wish. Ask the payer for a withholding form. However, pension payments (except for return of employee after-tax contributions and Roth 401k employee contributions and earnings) are taxable. You will have to pay tax on them when you file your tax return at the end of the year. And if you don't have withholding, you may have to make quarterly estimated tax payments in order to avoid an underpayment penalty.
