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THE FACTORY INTERNATIONAL PITCHING SHOWCASE | AIDC Submission Guidelines Want to submit to The FACTory? This guide provides you with all the information you need. Proudly presented by Film Victoria,
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AIDC refers to the Annual Information Return on Withholding Tax which is required by tax authorities for reporting tax withheld on various income types.
Individuals and businesses who withhold taxes from payments made to others are typically required to file the AIDC.
To fill out the AIDC, gather all necessary information about the transactions subjected to withholding tax and accurately report the amounts withheld in the designated sections of the form.
The purpose of AIDC is to ensure compliance with tax laws by reporting the amounts of tax withheld, thus facilitating proper tax collection by authorities.
The AIDC must include details such as the taxpayer's identification, amounts of income paid, and the corresponding taxes withheld.
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