Withholding tax on contractor, professional, and technical payments applies through payer-specific rates, thresholds, and invoice valuation rules. Section 393(1), Table serial no. 6 prescribes tax deduction at source for contractor payments, high-value payments by Individuals and Hindu Undivided ... Summary
Withholding tax on contractor, professional, and technical payments applies through payer-specific rates, thresholds, and invoice valuation rules.
Section 393(1), Table serial no. 6 prescribes tax deduction at source for contractor payments, high-value payments by Individuals and Hindu Undivided Families, and professional, technical, royalty and director-remuneration payments. Contract payments attract deduction at rates based on the contractor's status, subject to single-contract and aggregate thresholds. High-value qualifying payments by otherwise uncovered Individuals and Hindu Undivided Families attract deduction at 2%. Specified persons deduct at concessional or general rates for professional and technical services, royalty and director remuneration, with no threshold for director remuneration.
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