Farley And Partners

How Often Should a Taxpayer File Interest Income Withholding Tax statement and Pay Interest Income Tax?

Taxpayers paying interest are required to submit annual withholding tax statement in the prescribed form and pay the tax withheld to GRA. Interest income earners are not required to file returns. The closing date for file returns. The closing date for filing interest income withholding tax statement is 3 months after the end of the tax year. The closing date for payments of withheld interest income tax is the 15th of the month following the interest payment.

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