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Credit, withholding tax

Income from different sources, such as dividends, interest, and royalties, is subject to taxation at the source. This means that the payer is responsible for deducting the tax and reporting it to the appropriate tax authorities. As a taxpayer, you have the right to claim credit for the tax withheld at the source when calculating your final tax liabilities. This is determined by the tax laws of the country where you reside.

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