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McDowell CPA PC


Return to Tax Guides

SUPERCEDED

X. Reporting Payments Made
To Unincorporated Businesses

Legal entities and self-employed individuals (including individuals having rental income) are required to notify the Tax Office of payments made to certain individuals (such as artists and individuals having rental income) in excess of stipulated annual limits. This does not apply to payments subject to withholding tax. The notification is due by February 15th of the next calendar year.