PAYROLL TAX WITHHOLDING AND REPORTING
If wage or salary is paid monthly, the tax amount to be withheld is calculated by the “Simplified Tax Table” attached to the end of the Income Tax Law. A person subject to tax withholding must calculate the total annual tax amount in February of the following year or at the time of the last payment of income in the year. When the income earner completes employment during the year and collect or refund the difference between the tax amount payable.