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Definition of “withholding tax” - English Dictionary

(Definition of withholding tax from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"withholding tax" in Business English

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withholding taxnoun [C or U]

uk   us   FINANCE, TAX
a percentage of the money earned from an investment that is kept by a financial organization to pay directly to the government in tax: EU/Spanish/US withholding tax Britain remains opposed to an EU-wide withholding tax on cross-border savings.withholding tax on dividends/interest payments/savings Many Swiss bank account holders use Jersey to avoid the withholding tax levied on Swiss corporate dividends.
in the US, a percentage of an employee's income that an employer keeps to pay directly to the government in tax: Individuals paying too much withholding tax will receive a tax refund 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…
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“withholding tax” in Business English

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