Ministry of Finance publishes information on means to demonstrate income recipient's tax residence for application of withholding tax
The Ministry of Finance recently published on its website information on the means to demonstrate income recipient's residence for the purpose of application of withholding tax. Tax residence of the recipient of income is determinant for both the application of the correct domestic withholding tax rate (i.e. 35% or 15%), and the withholding tax rate under a tax treaty. For prior coverage of …
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