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.


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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.


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Full Definition of Withholding Tax



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Examples of Withholding Tax in a sentence


The withholding tax will not apply to individual investors.


Withholding Tax FAQ's



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Withholding Tax. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 12, 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: November 12, 2019).
American Psychological Association (APA):
Withholding Tax. PayrollHeaven.com. Retrieved November 12, 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.