A withholding agent, a public medical sciences institution, sought clarification as to whether it could withhold 100 percent of VAT on payments for services to a contractor who requested exclusion from the requirement to register in the single taxpayer registry (RUC) and present VAT invoices. The Tax Agency clarified that the withholding agent would be required to withhold: 1) 100 percent of VAT on such single and final payments to contracted personnel if nonprofessionals and not registered in the …
Source: bloombergtax.com
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