Income tax withholding
Income tax withholding is the part of an invoice the payer pays to the tax authority on account of the income tax of whoever gets paid. It applies to self-employed people with a professional activity. In OnBio's self-billed invoice it is 15%, or 7% at the start of activity.
Legal basis
It is regulated by article 101 of Law 35/2006 on Personal Income Tax. The rates are set by the tax's Regulation.
Related terms
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