Withholding tax is basically a tax payment method. Withholding tax is the process of deducting the tax amount related. To the earnings that are under. The obligation of income or corporate tax. By employers in accordance with the rates determined. By law before passing. To the owner of the income in the middle and collecting. It to the tax office by the employer. When an employer makes a payment. To its employee in return for professional services. It is required to apply a certain amount of withholding deduction. On the amount and deposit the deducted amount to the tax office. Thanks to this situation, employees. Do not need to declare and pay tax for the amount. They earn for the professional service they perform.
Payment methods subject to withholding tax are listed according to the Corporate Tax Law and Income Tax Law. These laws also specify the withholding rates for those who are obliged to pay withholding tax. Thanks to the withholding tax system, tax costs are reduced and collection is made more securely. Withholding tax withholding before payment ensures. That the payments of tax revenues are faster and the risk of loss is reduced.
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