EXTERNAL CIRCULAR: WITHHOLDING TAX SEASON 2020
29 June 2020
To Our Valued Client Taxpayer,
OBJECTIVE: FILING OF ITW10 and ITW10O RETURNS
You are reminded that the WHT season is upon us and the following returns are due for filing on or before 31 July 2020.
- ITW10 RETURNS
These are due for filing by any taxpayer and/or company that withholds/deducts and pays PAYE to BURS on behalf of its employees. It is a summary return of all ITW8s. Fee for this return depends on the number of ITW8s that need to be prepared; we give a quotation based on the number of ITW8s we prepare.
This annual return is filed using green copies of the ITW8s. If you have already prepared ITW8s, we charge a standard fee of BWP1, 750 to file ITW10.
- ITW10O RETURNS
These are due for filing by any taxpayer who deducts and pays Other Withholding taxes such as 5% withholding tax on rent, 10%WHT on interest, 3% WHT on construction contracts, 10% interest on Management fees etc. through ITW9.
This annual return is filed using green copies of the ITW9s. We charge a standard fee of BWP1, 750 to file ITW10O.
Fee for a NIL return is BWP500. Vat is 12% with regard to any fee stated above.
Our mission is to ensure you are 100% Tax Compliant at all times. Your cooperation is therefore highly anticipated.
If you need any further information or explanations, please email [email protected] or call 391 2805 / 7231 0333 and speak to the writer.
Tshepo Ntshekang, Tax Manager