withholding tax

Definitions

Accounting

• noun a tax which removes money from interest or dividends before they are paid to the investor, usually applied to non-resident investors

Commerce

• noun an amount deducted from a person’s income which is an advance payment of tax owed (such as PAYE)
• noun income tax deducted from the pay cheque of an employee before they are paid

Economics

• noun a tax levied on interest or dividends before they are paid to the investor (usually applied to non-resident investors). Such tax may be reclaimed under a double taxation agreement.

Nearby Definitions of “withholding tax”

• with
• with it
• with-profits policy
• withdraw
• withdrawal
• withholding tax
• without prejudice
• witness
• wizard
• WML
• wobbler

Contexts for “withholding tax”

4 definitions in context
• Accounting
• Commerce
• Economics