Payment on Termination of Labour Contract – How Do Employers Withhold Personal Income Tax?
Many human resource related people in businesses have met difficulties in withholding personal income tax of the employees who left the enterprises with a compensation package payable by the employers. Whether a 10% flat PIT rate or progressive PIT rates will apply is a controversial point between the employees and the companies and in some worst cases labour disputes arise. To make this grey point clear to both sides employer and employee, this article will make an in-depth legal analysis of this topic.
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