Withholding Tax Regulations Amended

• the multiplier for calculating the abatement of the withholding tax on payments to resident individuals was changed to 83.3334 (formerly 141.666);
• payments to nonresident legal entities for the leasing of movable property are now subject to a final withholding tax of 5% (formerly subject to corporate income tax at progressive rates);
• a new formula was introduced to calculate the amount of withholding tax on payments by credit card enterprises for the supply of goods and services. The formula is designed to exclude VAT from the taxable base subject to withholding;