Withholding tax deducted by a company must be remitted to the FIRS within:
ATen days of deduction
BTwenty-one days of the month following deductionCORRECT
CThirty days of deduction
DSixty days of deduction
ICANTaxationWithholding Tax2021
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Why the answer is B, and why the others tempt you.
Companies remit withholding tax by the 21st day of the month following the month of deduction. Individuals and unincorporated bodies remit to the state authority within 30 days.
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