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AMP stands for Annual Information Return of Income Taxes Withheld on Compensation and Final Withholding Taxes. It is a report filed by employers to the tax authorities to provide information about the income taxes withheld from their employees' salaries.
Employers are required to file amp if they have employees and they withhold income taxes from their salaries.
AMP can be filled out online through the tax authorities' official website or in person at a tax office. Employers need to provide information about their company, employees, income taxes withheld, and final withholding taxes.
The purpose of amp is to report the income taxes withheld from employees' salaries and final withholding taxes to the tax authorities for proper tax compliance and record-keeping.
Employers must report information about their company, employees, compensations paid, income taxes withheld, and final withholding taxes.
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