withholding tax
Americannoun
noun
-
tax deducted at source from income, esp from dividends, paid to nonresidents of a country, which may be reclaimed if a double-taxation agreement exists between the country in which the income is paid and the country of residence of the recipient
-
a portion of an employee's tax liability paid directly to the government by the employer
Other Word Forms
- unwithholding adjective
Etymology
Origin of withholding tax
First recorded in 1940–45
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Those included billions of dollars in withholding taxes triggered when employee shares vested, and billions more for share buybacks used to offset share dilution from those same awards.
This tactic allowed both parties to claim rebates on withholding tax - a levy which had only been paid once, when the dividend was issued.
From BBC
The schemes typically involve the rapid sale of large volumes of shares from one investor to another immediately before the payment of a dividend, enabling duplicated claims of the withholding tax.
From BBC
The government has agreed a bill, pending approval, reducing the withholding tax buyers will pay to 15% to make the bond more attractive relative to savings accounts, from 30% on other Belgian retail bonds.
From Reuters
They also approved a new withholding tax for digital content creators.
From Reuters
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
