Define: Withholding Tax

UK Accounting Glossary

Definition: Withholding Tax


Quick Summary of Withholding Tax


Tax deducted at the source from dividends or other income paid to non-residents of a country.



What is the dictionary definition of Withholding Tax?

Dictionary Definition


Withholding Tax (noun) is tax deducted at the source from dividends or other income paid to non-residents of a country.

When there is a double taxation agreement between the country is which the income is paid and the country is which the recipient is based, this tax can be reclaimed.


Advertisement



Full Definition of Withholding Tax



Advertisement



Examples of Withholding Tax in a sentence


The withholding tax will not apply to individual investors.


Withholding Tax FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/withholding-tax/
Modern Language Association (MLA):
Withholding Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 15, 2019 https://payrollheaven.com/define/withholding-tax/.
Chicago Manual of Style (CMS):
Withholding Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/withholding-tax/ (accessed: September 15, 2019).
American Psychological Association (APA):
Withholding Tax. PayrollHeaven.com. Retrieved September 15, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/withholding-tax/

Definition Sources


Definitions for Withholding Tax are sourced/syndicated from:


This glossary post was last updated: 29th January 2019.