With the continued implementation of the IRC’s new computer system “SIGTAS”, the IRC has been offering streamlined processing of Certificates of Compliance (CoCs). The certificates are now issued in a new format, each with a Taxpayer Identification Number (TIN) and a certificate number.
A Certificate of Compliance serves no purpose other than to authorise a nil deduction for Business Payments Tax from payments to businesses in the five relevant industries. It has no effect on other withholding tax obligations, including Salary or Wages Tax (SWT), Goods and Services Tax (GST), etc.
For Further Information:
If you have further questions about the CoC process, contact the IRC:
Authorised by Sam Koim – Acting Commissioner General
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