CWT

(redirected from Creditable Withholding Tax)
AcronymDefinition
CWTHundred Weight (C for Centum, a hundred and Wt for weight)
CWTCarlson Wagonlit Travel (Denmark)
CWTChatsworth (Amtrak station code; Chatsworth, CA)
CWTCadwalader, Wickersham & Taft (law firm)
CWTChannel Well Technology (various locations)
CWTCall Waiting Terminating
CWTCounterweight
CWTContinuous Wavelet Transform
CWTColor-Word Test
CWTCompensated Work Therapy (Vet, Admin)
CWTCeramic Wall Tile (various companies)
CWTCoded Wire Tag
CWTChanging World Technologies
CWTChrist Water Technology (Austria)
CWTCaroline Walker Trust (Herts, UK)
CWTCenter for Wireless Telecommunications
CWTCustomer Wait Time
CWTCenter Wing Tank (aviation)
CWTComplex Wavelet Transform
CWTCentralized Waste Treatment (EPA)
CWTClean White Teeth (dental system)
CWTCornwall Wildlife Trust (UK)
CWTConsumers for World Trade
CWTCheshire Wildlife Trust (UK)
CWTCombat Weather Team
CWTCold Weather Training
CWTComplete Waste of Time
CWTCalculus without Tears (Berkeley Science Books)
CWTCertified Water Technologist
CWTCowra, New South Wales, Australia - Cowra (Airport Code)
CWTCreditable Withholding Tax
CWTChristians Working Together (UK)
CWTCopper Water Tube (plumbing fittings)
CWTChest Wall Thickness
CWTCoursework Tool (physical therapy)
CWTCode Walk-Through
CWTChemical Warfare Treaty
CWTContinuous Witness Training
CWTCentum Weight
CWTClear Water Tank
CWTConstant with Temperature
CWTCleared While Testing (telecommunications)
CWTConsolidated Written Test (US Air Force OTS)
CWTChemical Warfare Training
CWTChicago Women in Trades
CWTCall Waiting Telephone
References in periodicals archive ?
Dominguez attributed the increase in the domestic sales of gold to the recent lowering of the creditable withholding tax on gold sales to one percent from the previous five percent, which was enforced late last year.
The BIR has issued Revenue Regulation 7-2017 reducing the creditable withholding tax rate on gold sales, encouraging small scale miners to sell their gold produce to the BSP.
When I was a BSP Monetary Board Member (2005-2011), BSP repeatedly requested the BIR Commissioner of the past administration to reduce the creditable withholding tax aforementioned.
A two percent creditable withholding tax is also imposed on ancillary political campaign expenses like the hiring of entertainers, rental of sound systems, and catering services.
Puentevella yesterday said he intends to meet with Bureau of Internal Revenue (BIR) Commissioner Kim Henares today to discuss the tax problems of Agrarian Reform Beneficiaries (ARBs) here, particularly their issue with BIR's implementation of Revenue Regulation 11-2014 (RR 11-2014) which imposes a one percent creditable withholding tax on the release of sugar.
Under Revenue Regulation 14-2103, the BIR said hospitals and HMOs should withhold a creditable withholding tax of 15 percent from the annual income earned by doctors or other medical practitioners who attended to their clients if said income exceeds P720,000.
To root out the tax cheats, the BIR matches reports on spending and creditable withholding tax submitted by state entities to the income tax returns filed by their suppliers.
Under the Tax Code, proceeds of gold sold to the BSP are charged a 5-percent creditable withholding tax and a 2-percent excise tax.
The amount corresponded to the drop in the volume of gold sold by traders and small-scale miners to the BSP after the government began collecting in 2011 a 7-percent tax on gold sales-a 2-percent excise tax and a 5-percent creditable withholding tax.
The Department of Environment and Natural Resources had noted that the decline in the BSP's gold purchases began in the second half of 2011 when the BIR imposed a 2-percent excise tax and a 10-percent creditable withholding tax (CWT) on gold sold by small-scale miners and traders.
The miners are subject to a 2-percent excise tax and 5-percent creditable withholding tax on gold sales.
She said that the BIR was currently collecting just a 5-percent creditable withholding tax on top of the 2-percent excise tax on gold sales.