Withholding tax at 0% zero percent may apply to certain types of income generated in the country that is paid to non-residents. Due to the implementation of the 0% rate, virtually no withholding tax will be payable and there will be no obligations to register or file for withholding tax for businesses that are residents of the country or foreigners who receive income generated in the country. 

The withholding tax does not apply to transactions between persons residing in the country.