term withholding expanded help what is
Meaning of expanded withholding tax. What is it: taxes withheld on income payments are estimated.

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Definition expanded withholding tax

EXPANDED WITHHOLDING TAX title: expanded withholding tax (FI) (SAP Library - Glossary)
EXPANDED WITHHOLDING TAX category: Financial Accounting (FI)
EXPANDED WITHHOLDING TAX explained:

A type of withholding tax in the Philippines for which the taxes withheld on income payments are estimated.

Income recipients are still required to file a tax return, and either pay the difference between the tax withheld and the tax due, or they are refunded accordingly.

An example of an income payment subject to expanded withholding tax is a medical fee paid to a medical practitioner.

More terms such as expanded withholding tax in Dictionary E.

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