September 2022 - Creative Finance

In practice, we can often hear the statement of the founder-owner of a business company who thinks, "It's my company, I can do whatever I want". But, is it so?

Withholding tax is the tax amount that is kept by income or profit payers and transferred to the tax authority account on behalf of taxpayers. When we are talking about withholding tax in regard to the Law, what we have in mind is the technique of income tax collection in the country where a non-resident has gained the income or, in this particular case, in the Republic of Serbia.