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WT stands for withholding tax, which is a tax deducted at source on income payments to non-residents.
Entities making income payments subject to withholding tax are required to file WT.
WT can be filled out electronically or manually following the instructions provided by the tax authority.
The purpose of WT is to ensure that non-residents pay taxes on income generated within a country.
WT requires information on the income payment, recipient, amount, and applicable tax rate.
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