这里的句式结构应该是“withholding tax” “creditable (against)”,意思是说已经预扣的税(“withholding tax”)可以用于抵销(creditable against)另外一种什么税(比如income tax),以避免双重计税。 这里的creditable (against)相当于deductible from Peer comment(s): agree orientalhorizon : 反过来就是:...
Dominguez III has approved a revenue regulation reducing by almost half the creditable withholding tax on the refund due customers of the Manila Electric Company (Meralco) to a flat rate as provided under the Tax Reform for Acceleration and Inclusion (TRAIN) law. DOF reduces taxes on Meralco ref...