8/16/2020 6:07:56 AM cpa club 5 months ago
Who is responsible
When
Pay an amount to a non-resident from a source in the kingdom shall withhold tax from the paid amount.
Type of Payment & Tax rates
| Type of Payments | Rate |
| Management Fee | 20% |
|
Royalties, Payment against technical or consultancy services for international telephone calls paid to head office or any related party |
15% |
|
Payment against technical or consultancy services for international telephone calls paid to others (other than to head office or any related party) Rental Airline tickets or air or sea freight charges Distribution of dividend Returns on loans Insurance or reinsurance premiums |
5% |
|
Other payments |
15% |
When to deduct
while making payments to the non-residents
Return filing and Submission
A monthly Withholding tax filing should be submitted before 10th next month of payment.
An annual withholding tax return to be filed with detailed information services received, payment made and withholding tax deducted etc. within 120 days of the end of the fiscal year or within 60 days of the end of the fiscal year for partnerships.
Article 68