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Explain these 3 Rationale for the withholding tax system 1. To provide the taxpayer a convenient manner to meet his probable income tax liability. 2.
Explain these 3 Rationale for the withholding tax system
1. To provide the taxpayer a convenient manner to meet his probable income tax liability.
2. To ensure the collection of the income tax which could otherwise be lost or substantially reduced through failure to file the corresponding returns
3. To improve the governments cash flow
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