Administrative changes to Withholding Tax Returns on payments to resident agents, dealers and distributors

  

For example, the 2 percent Withholding Tax on all gross payments to resident individual agents, dealers or distributors made within the month of July 2022 (1 July 2022 to 31 July 2022) will need to be accumulated and remitted under the Form CP107D no later than 31 August 2022. 

  

Previously, taxpayers were required to remit the Withholding Tax  to MIRB within 30 days from the date of payment to the resident individual agents, dealers or distributors.