₦airaland Forum

BlueBrothers:
WITHHOLDING TAX: 

A withholding Tax is not a tax you pay, it is just another type of tax you help the tax man secure. This type of tax like the name suggests is withheld by the person paying for a service to the service provider.  For example, if Mr A provides a service to Mr B, Mr B pays Mr A his money less 10% of the agreed sum. Mr B remits that 10% to the FIRS, and Mr A gets a credit note as a receipt to show that he has paid part of his tax liability for the year, and a total of the Tax withheld shall be deducted from his payable tax for that year.
It is a means of ensuring that people pay taxes, so it is an advance form of tax payment.

Let me make some corrigenda: Withholding tax rate is both 5% and 10% and not just the 10% quoted. Secondly, it is payable to both FIRS(Federal Inland Revenue Service) & SBIRS(State Board of Internal Revenue Service) of each state. Individual WHT is payable to SBIRS while corporate WHT is payable to FIRS.

You are very stupid for dragging an unnecessary traffic.

contactmorak:
SEE PHOTOS OF HIS JOYSTICK WHEN IT WAS VERY BIG>> http://m.af1234.com/Af1234/details/kenyan-man-with-biggest-manhoodshows-off-small-one-after-surgery

you son of a Baptist

DanielsParker:
okay.

when will the winners come and lift away our problems here in Nigeria
?

Nope 4 "had" is perfectly correct

oshe11:
OP that number 2 supose be 3"Had" and nt 4....



U CNT TEACH ME RAWBEACH

Not when you are an Internal Auditor