The taxpayer responsible for withholding tax must register with the authority and submit a monthly withholding statement. They must submit the monthly statement and pay the withheld amount during the first ten days of the month following the payment month to the beneficiary.
For example: If a resident pays a fee to a non-resident on February 19th, the person responsible for withholding tax must submit a statement to the authority and pay the withheld tax by March 10th. They must also provide the beneficiary with a certificate showing the amount paid to them and the tax withheld from it.
In addition to the monthly withholding statement and tax payment, the taxpayer must submit an annual statement within a deadline not exceeding 120 days from the end of the fiscal year.
Tax is withheld on each type of income at a specific rate determined by the authority, and the taxpayer must specify the type of income in order to determine the tax withholding rate.