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Tag Archives: What is Expanded Withholding Tax?

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What is Expanded Withholding Tax?

What is Expanded Withholding Tax?

Expanded withholding tax on certain income payments and withholding tax on compensation are two of the common withholding taxes you should withheld and remit to the government, when applicable. In turn, the payees of these income payments can claim those taxes withheld as creditable against their income tax due for the corresponding quarters or year by attaching the applicable certificate of creditable tax withheld (BIR Form 2316) for taxes withheld ...

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