withholding tax Definition in the Cambridge English Dictionary Cambridge dictionaries logo

Definition of “withholding tax” - English Dictionary

"withholding tax" in Business English

See all translations

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?
Add Cambridge dictionaries to your browser to your website

“withholding tax” in Business English

Word of the Day

parade

a large number of people walking or in vehicles, all going in the same direction, usually as part of a public celebration of something

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More