withholding tax
noun Date: 1940 a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax

New Collegiate Dictionary. 2001.

Look at other dictionaries:

  • Withholding tax — is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross …   Wikipedia

  • withholding tax — with·hold·ing tax n: a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. withholding tax …   Law dictionary

  • withholding tax — withholding taxes N VAR A withholding tax is an amount of money that is taken in advance from someone s income, in order to pay some of the tax they will owe. [mainly AM] …   English dictionary

  • withholding tax — ☆ withholding tax n. the amount of income tax withheld, as payment in advance, from employees wages or salaries …   English World dictionary

  • Withholding tax — A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country. Tax levied on dividends paid abroad. The New York Times Financial Glossary * * * withholding tax… …   Financial and business terms

  • withholding tax — A tax levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country. Bloomberg Financial Dictionary Tax deducted at source on the payment of dividends or interest.… …   Financial and business terms

  • withholding tax — noun income tax withheld from employees wages and paid directly to the government by the employer • Syn: ↑withholding • Derivationally related forms: ↑withhold (for: ↑withholding) • Hypernyms: ↑income tax …   Useful english dictionary

  • withholding tax — UK [wɪðˈhəʊldɪŋ ˌtæks] / US [wɪðˈhoʊldɪŋ ˌtæks] noun [countable/uncountable] Word forms withholding tax : singular withholding tax plural withholding taxes part of a person s salary that an employer gives to the government as payment of that… …   English dictionary

  • withholding tax — Tax deducted at source from dividends or other income paid to non residents of a country. If there is a double taxation agreement between the country in which the income is paid and the country in which the recipient is resident, the tax can be… …   Accounting dictionary

  • withholding tax — Tax deducted at source from dividends or other income paid to non residents of a country. If there is a double taxation agreement between the country in which the income is paid and the country in which the recipient is resident, the tax can be… …   Big dictionary of business and management

  • withholding tax — that part of an employee s tax liability withheld by the employer from wages or salary and paid directly to the government. Also called withholding. [1940 45] * * * …   Universalium

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