Tag Archives: Withholding Tax On Cars
New Withholding Tax On Cars For Filers And Non-Filers
In June 2024, the government proposed a new car tax policy for brand new local cars. Under the revised policy, withholding tax on cars will now be calculated based on their value, i.e., the invoiced price. Prior to this policy, withholding tax on cars was calculated based on the engine size, but the new policy […]