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LSMCEBPS stands for Large and Mid-Size Company and Business Payment System.
Companies and businesses that fall under the large and mid-size category are required to file LSMCEBPS.
LSMCEBPS can be filled out electronically through the designated online platform provided by the tax authority.
The purpose of LSMCEBPS is to track and monitor payments made by large and mid-size companies and businesses for tax compliance purposes.
Information such as company details, payment amounts, recipient details, and payment dates must be reported on LSMCEBPS.
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