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Covid-relief measure for Withholding tax expired

Following the Ministerial Regulation No. 361 by the Ministry of Finance, the COVID-19 Relief measure concerning reduced Withholding tax has expired as of September 30th, 2020.

 

The temporary reduced Withholding tax for services with taxable income is going to be 3% from October 1st, 2020 onwards.

However, should payment be made via e-Withholding tax system (handled by a bank or any other payment agent), the Withholding tax rate will be discounted to 2% until December 31st, 2021.

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