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Explain the term "set-off tax" as used in taxation

      

Explain the term "set-off tax" as used in taxation

  

Answers


Wilfred
Set-off tax means a tax that can be deducted from a gross tax liability when computing the tax payable. Usually these are the taxes deducted at source e.g the withholding taxes, P.A.Y.E etc
Wilfykil answered the question on February 13, 2019 at 08:07


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