Withholding tax on construction contracts (other than survey, design and deliveries) is deducted at:
A2.5%
B5%CORRECT
C10%
D15%
ICANTaxationWithholding Tax2024
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Why the answer is B, and why the others tempt you.
Building, construction and related contracts attract withholding tax at 5% for both companies and individuals. Professional and consultancy services attract 10% for companies and 5% for individuals.
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