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 Withholding Tax TR1678 QR Code
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Withholding Tax



Withholding tax is the money an employer deducts from an employee’s gross wages and pays directly to the government. The amount withheld is a credit against the income taxes the employee must pay during the year.

Course Objectives

At the end of this course the participants will be able to:

  • History of withholding taxes
  • What is the purpose of withholding tax?
  • How much tax should you have withheld?
  • Who qualifies for exemption from withholding tax?
  • Importance of learning withholding tax.

Targeted Audience

  • Finance managers
  • Accountants
  • Accounts staff
  • Staff members with responsibility for the financial and legislative obligations of their organization.

Course Outline

Unit 1: 

  • Economic development
  • Full employment
  • Price stability
  • Control of cyclical fluctuations
  • Non-revenue objective

Unit 2:

  • An advance payment of income tax
  • Specified types of interest
  • Non-specified types of interest
  • Professional or technical services

Unit 3:

  • Withholding tax is a final tax when it relates to winnings
  • Qualifying interest
  • Qualifying dividend and pensions
  • Professional services
  • Taxation for ensuring economic stability

Unit 4:

  • Employers are required by law to withhold employment taxes from their employees
  • Various sources of income namely, Salary, work contract, Commission, and Rent.
  • Cost-effectiveness, and convenience.
  • Taxation as an instrument for improving income distribution

Unit 5: 

  • Financing the business
  • Financing principles
  • Recent developments in withholding tax report
  • Withholding tax is a compulsory payment to be paid by the citizens who are liable to pay it.
  • Taxation as an instrument of economic growth

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