Withholding Tax in the UAE: Understanding Regulations and Compliance (Communities - Services Offered)
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Withholding Tax in the UAE: Understanding Regulations and Compliance | |
Withholding tax in UAE is an amount paid by an employer or entity as income tax on behalf of its employees or workers. It is termed as ‘withholding’ as it is deducted at the source of the income. The withheld amount is a credit against the income tax that the employee has to pay during the year. However, if the employer withholds an excess amount of money from their income, then the employee will be eligible for a tax refund. On the other hand, if insufficient funds are withdrawn from the income, then the employee has to owe the IRS(Internal Revenue Service) while filing their tax returns. | |
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| Target State: All States Target City : Dubai Last Update : 14 March 2024 4:25 PM Number of Views: 39 | Item Owner : Shuraa Tax Contact Email: Contact Phone: +971 44081900 |
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2024-05-06 (0.386 sec)