08-21-2009, 04:43 PM
I have a question regarding excess witholding tax being deducted.
On import, 4% Witholding Tax is deducted. Then, on sale of goods, another 3.5% Witholding Tax is deducted. In order to save the 3.5% WHT deduction on sales, a bill of entry is demanded by customers, which the importer cannot provide because it contains import rates/etc.
An exemption certificate is also not given to Commercial importers. Therefore, what can one do to save on the 3.5% WHT?
On import, 4% Witholding Tax is deducted. Then, on sale of goods, another 3.5% Witholding Tax is deducted. In order to save the 3.5% WHT deduction on sales, a bill of entry is demanded by customers, which the importer cannot provide because it contains import rates/etc.
An exemption certificate is also not given to Commercial importers. Therefore, what can one do to save on the 3.5% WHT?
