"Pay as you go basis" Definition
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 Glossary   >   P   >   "Pay as you go basis" Definition   

        Pay as you go basis

A system of tax payment by which an employer deducts a proportion of an employees salary for onward remittance to the Inland Revenue Service.

Pay as you go basis


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Pay as you go basis - A system of tax payment by which an employer deducts a proportion of an employees salary for onward remittance to the Inland Revenue Service.


Pay as you go basis : a system of tax payment by which an employer deducts a proportion of an employees salary for onward remittance to the inland revenue service.