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Item details
Category TRANSACTION TAX
Who are required to withhold or deduct the CWT?
Created Jun-5-2015
Owner admin
QUESTION Who are required to withhold or deduct the CWT?
ANSWER

The following are required to withhold or deduct the Creditable Withholding Tax:

Any person with respect to payment made in connection with his trade or business (to be registered as withholding agent of the BIR).
Individual buyers not engaged in trade or business are also constituted as withholding agents but they need to register as such with the BIR.