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Form CP58 Statement of monetary and non-monetary incentive payments to an agent, dealer or distributor Report it right Tuesday, 19 March 2013 9:00 am ? 12:30 pm Deloitte Tax Academy The Meet point

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What is form cp58 report it?

Form CP58 report is a document used to report certain payments made by an individual or company to a non-resident. It is used to ensure compliance with tax regulations and to provide information for tax assessment purposes.

Who is required to file form cp58 report it?

Any individual or company that has made payments to a non-resident that are subject to withholding tax must file Form CP58 report. This includes payments for services, royalties, interest, or any other income subject to withholding tax.

How to fill out form cp58 report it?

To fill out Form CP58 report, you need to provide information about the non-resident recipient, the types and amounts of payments made, and the amount of tax withheld. The form can be completed online or manually and must be submitted to the tax authorities.

What is the purpose of form cp58 report it?

The purpose of Form CP58 report is to ensure compliance with tax regulations and to provide information for tax assessment purposes. It allows the tax authorities to track payments made to non-residents and ensure that the appropriate taxes are collected.

What information must be reported on form cp58 report it?

Form CP58 report requires the reporting of information such as the name of the non-resident recipient, their tax identification number (if available), the types and amounts of payments made, and the amount of tax withheld.

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