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Primer on creditable withholding tax on campaign expenditures
These regulations provide for the witholding of a 5% creditable witholding tax (CWT) by candidates of local and national elections, their political parties and their contributors on their payments to their suppliers of campaign-related goods and services. To see how your business could be affected Taxand Phillipines identify answers to key questions regarding the implementation of these regulations.
Your Taxand contact for further queries is:
Salvador & Associates
T. +63 2 8112500