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withholding tax

   Also found in: Legal, Financial, Acronyms, Wikipedia 0.01 sec.
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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.withholding tax - income tax withheld from employees' wages and paid directly to the government by the employer
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


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The withholding tax liability is independent of the tax liability of the foreign person to whom the payment is made.
The tax-cut program targets the withholding tax on the incomes of those foreigners, who do not have to file tax returns.
and its top trading partner, Canada (such as 0 percent withholding tax on cross-border interest payments), the new "anti-hybrid" provisions of the protocol introduced an impediment that may require certain U.
 
 
 
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