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In 2023, companies in the construction and related sectors will still be able to make use (under certain conditions) of the tax measure relating to the partial withholding tax exemption for real estate work in teams on site.
What is the partial withholding tax exemption for real estate work in teams on site?
As of January 1, 2018, certain employers are eligible for a withholding tax exemption on wages awarded to workers who perform real estate work in teams on construction sites. To receive this tax benefit, a company must meet certain cumulative conditions:
It is important to note here that employers can only benefit from this tax measure if all the workers forming a team meet the above basic conditions. If one of the workers does not meet these conditions, the exemption will not apply. There is only one exception to this rule, namely the gross hourly wage condition.
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