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AI WCS IS COMING The American International Workers Compensation System or AI WCS remains on target for a Spring deployment to the AIG business community. Once deployed, AI WCS will assume responsibility
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AIWCS stands for Annual Information Withholding Compliance Statement.
Financial institutions and other entities that are required to withhold tax on certain payments are required to file AIWCS.
AIWCS can be filled out electronically through the designated portal provided by the tax authorities.
The purpose of AIWCS is to report information relating to tax withholding compliance.
AIWCS must report information on the amount of tax withheld, the payee's information, and the type of income subject to withholding.
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