withholding tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “withholding tax” in the English Dictionary

"withholding tax" in Business English

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withholding taxnoun [C or U]

uk   us   FINANCE, TAX
a ​percentage of the ​moneyearned from an ​investment that is ​kept by a ​financialorganization to ​pay directly to the ​government in ​tax: EU/Spanish/US withholding tax Britain remains ​opposed to an EU-wide ​withholdingtax on ​cross-bordersavings.withholding tax on dividends/interest payments/savings Many Swiss ​bankaccountholders use Jersey to ​avoid the ​withholdingtax levied on Swiss ​corporatedividends.
in the US, a ​percentage of an employee's ​income that an ​employerkeeps to ​pay directly to the ​government in ​tax: Individuals ​paying too much ​withholdingtax will receive a ​taxrefund in May.
(Definition of withholding tax from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “withholding tax”
in Chinese (Simplified) (由雇主代扣的)代扣所得税…
in Chinese (Traditional) (由僱主代扣的)代扣所得稅…
What is the pronunciation of withholding tax?
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“withholding tax” in Business English

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