Covid-19: Reduced Withholding Tax & Social Security contributions
Among the series of measures announced by the Government to help companies affected by the economic consequences of the coronavirus, reduced Withholding Tax rates and Social Security contributions were implemented. From April 1, 2020 to September 30, 2020, the Withholding Tax (WHT) rate upon payment for professional services is down to 1.5% from 3%. Note
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