Withholding Method DEEMED CIT RATES (3/6) The apply to a contract that provide deemed CIT accompanied by services like installation, commissioning, warranty, maintenance, as follows: … will apply to a specific service specific deemed CIT rate A and a will apply to goods, if the specific deemed CIT rate value of services is separated from the value of the goods The will apply to the total highest deemed rate (2%) contract if the value of services is not separated from the value of the goods (a lump-sum contract)
Withholding Method DEEMED CIT RATES (3/6) The deemed CIT apply to a contract that provide accompanied by services like installation, commissioning, warranty, maintenance, … as follows: A specific deemed CIT rate will apply to a specific service and a specific deemed CIT rate will apply to goods, if the value of services is separated from the value of the goods The highest deemed rate (2%) will apply to the total contract if the value of services is not separated from the value of the goods (a lump-sum contract)
1012_VS-FCT%20Slides%20(Trainer).docx