Advantages of Paying Taxes Cont..
Paying taxes has its own benefits. Lower rates of tax deduction at source by banks on profits. The same is true for the cash withdrawals as well. Reduction on withholding tax when registering and transferring motor vehicles. Withholding tax is the tax already deducted from your income and gains. Lower tax on buying properties. Lower tax on selling your property. Lower withholding tax rate on capital gains on sale of securities.