Which of the following payments does NOT attract withholding tax?
ARent on a warehouse
BPayment for goods bought over the counter in an ordinary retail transactionCORRECT
CManagement fees
DCommission paid to an agent
ICANTaxationWithholding Tax2021
AI
Toaster Teacher
Why the answer is B, and why the others tempt you.
Straightforward retail sales in the ordinary course of business are excluded from withholding tax, which applies to specified transactions such as rent, contracts, commissions, consultancy and management services.
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