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The Garden Club of Barrington P R E S S R E L E A SE Date: January 2005 From: Laura Storm Public Relations Club Chairman 8473822228 Fax 8473821282 ls. Storm ATT.net For Immediate Release: The Garden
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What is p r e s?
PRES stands for Payment Reporting Entity System.
Who is required to file p r e s?
Entities that make large payments to non-residents are required to file PRES.
How to fill out p r e s?
You can fill out PRES online through the designated platform provided by the tax authority.
What is the purpose of p r e s?
The purpose of PRES is to track large payments made to non-residents for tax reporting purposes.
What information must be reported on p r e s?
Information such as the recipient's name, address, tax identification number, amount of payment, and purpose of payment must be reported on PRES.
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