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Former Member
Jan 16, 2008 at 05:16 AM

Please tell me what is withholding tax?

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Some people say withholding tax is a tax on income. If that is how is it different from VAT? VAT/Sales tax is also a tax on the sales made by a vendor. So does it mean that a vendor not only has to pay VAT/Sales tax but also has to pay a tax on the proceeds he receives for selling the item?