Practice question
What must the withholding agent's statement to the recipient show under58(B)?
- The income or other payments made and the tax deducted and withheld.
- Only the agent's preferred marketing slogan.
- Only the recipient's future spending plans.
- A declaration that no records need be kept.
- Only the price of the agent's office equipment.
Legal references
- NIRC Sections57-58,105-106 and110: https://lawphil.net/statutes/repacts/ra1997/ra_8424_1997.html
- RA11976, Sections9-10, current NIRC58(E) credit/refund conditions and trust-fund rule: https://lawphil.net/statutes/repacts/ra2024/ra_11976_2024.html
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