UK Accounting Glossary
Tax deducted at the source from dividends or other income paid to non-residents of a country.
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.
The withholding tax will not apply to individual investors.
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This glossary post was last updated: 29th January 2019.