Definition of withholding tax in English:
A tax deducted at source, especially one levied by some countries on interest or dividends paid to a person resident outside that country: royalties are usually subject to withholding taxes [mass noun]: abolition of withholding tax
More example sentences
- In case of a withholding tax part of the interest payment is not paid to the investor, but is directly transferred to the government.
- The recipient of a dividend from an Irish resident company is liable to income tax on the gross amount of the dividend but he is entitled to a tax credit for the dividend withholding tax withheld by the company.
- If the shareholder is resident in Ireland, the company must also deduct dividend withholding tax from the dividend and pay that tax to the Revenue.
Definition of withholding tax in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Spain
Most popular in Malaysia
Most popular in India
Most popular in Pakistan