withholding tax (redirected from Withholding taxes)

withholding tax

n

1. (Economics, Accounting & Finance / Banking & Finance) tax deducted at source from income, esp from dividends, paid to nonresidents of a country, which may be reclaimed if a double-taxation agreement exists between the country in which the income is paid and the country of residence of the recipient

2. (Business / Industrial Relations & HR Terms) US a portion of an employee's tax liability paid directly to the government by the employer

Thesaurus

Noun

1.

withholding tax - income tax withheld from employees' wages and paid directly to the government by the employer withholding income tax - a personal tax levied on annual income pay as you earn, PAYE - the British system of withholding tax

Translations

withholding tax (US) → (vom Arbeitgeber) einbehaltene Steuer