Thursday, 1 October 2015

Cima F1 Exam Question No 23

Question No 23:

A withholding tax is:

Tax deducted at source before payment to a recipient in a foreign country.
Tax on profits that is then paid out net as a dividend to equity shareholders.
Tax paid to local tax authorities with an amount withheld from payment.
Tax withheld from employees’ salaries with salaries paid to them net of tax.

Answer: A

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