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Withholding Tax

Withholding Tax
Tax

Withholding Tax: Exemption for Local Purchases of Petroleum Products by Marketers

A withholding tax is an income tax paid by the payer to the government on behalf of the recipient of the income. For instance, the employer usually withholds an amount from the salaries or wages of employees and pays it to the government directly. In Cameroon, withholding taxes also apply into other jurisdictions other than…