Withholding Taxation
The income tax which is in respect of recurring payments
at the source is often collected by the payer for making
deduction on income tax account before making the
payment. Generally, the deduction is known as
Withholding Tax. This tax is applied on the dividends,
royalties and interest. The taxation system ensures timely
collection of the revenue and provides the taxpayer
chance to pay their taxes either on monthly basis or in
installments.
Since rules and regulations change on an ongoing basis,
the situation becomes complex. In order to provide right
and updated Withholding Taxation service, Apex Pro
Advisors is offering the best and accurate services with
excellence.
Withholding Taxation services offered by Apex Pro Advisors
Since our clients are our top most priority, our experts
understand their business and then offer them
customized services. Some of the services provided by
Apex Pro Advisors are:
Guiding the companies whose WHT have been deducted at source to assist them in accompanying tax credits note in alignment with the company which made the WHT deduction from the vendor invoices
Communicating and following up with the tax authorities about WHT matters and to obtain receipts
Review the tax returns and identify the errors
Providing assistance on special projects
Assisting the businesses in remitting withholding tax deducted from the vendor’s invoices
Representing on behalf of the client at regular WHT audits
Determining the non-compliance with the WHT laws for recovering the tax along the penalties
Get tax account reconciliations done in liaison with the finance department
Keep client’s tax liability at minimum level
Benefits of Apex Pro Advisors Withholding Taxation services
- Professionals will perform the taxation services
- Regular check on appropriate recording of withholding tax
- Keeping the tax lability at low leve
- Less chances of having errors in the tax documents
- Avoiding the penalties
- Ensuring compliance with the WHT rules and regulations