Update on California's Other Withholding Regulatory Process
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After our public hearing held on April 4, 2013, we are now closer to having updated regulations for withholding of tax at source relating to California source income (R&TC Section 18662). The proposed regulations will provide clear, comprehensive guidance to taxpayers, tax practitioners, withholding agents, and the public.
We designed our new withholding regulations to provide guidance consistent with the current statutory framework, reflect our current practices and procedures, and reflect changes determined to be necessary or desirable after consulting with taxpayers, tax practitioners, and other parties at the interested parties meetings.
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