Define: Withholding Tax

UK Accounting Glossary

Definition: Withholding Tax


Quick Summary of Withholding Tax




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.


Full Definition of Withholding Tax




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. July 21, 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: July 21, 2019).
American Psychological Association (APA):
Withholding Tax. PayrollHeaven.com. Retrieved July 21, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/withholding-tax/

Definition Sources


Definitions for Withholding Tax are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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