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  3. Can a contractor provide a statement or evidence to show that the 4% withholding will be in excess of its tax liability?

Can a contractor provide a statement or evidence to show that the 4% withholding will be in excess of its tax liability?

No. Any excess withholding will be refunded upon the filing of an income tax return showing an overpayment of tax.

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Updated on February 3, 2022

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