Withholding tax is BEST described as:
AA penalty
BAn advance collection of tax from payments at sourceCORRECT
CA bonus
DA surcharge on imports
ACCATaxation
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
WHT is deducted at source by the payer and remitted to the tax authority — usually creditable against the payee's final liability.
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