Withholding Tax
1. Income tax withheld from employees' wages and paid directly to the government by the employer.
2. A tax levied on income (interest and dividends) from securities owned by a non-resident.
1. The amount withheld is a credit against the income taxes the employee must pay during the year.
2. Tax is deducted not only from dividends, but from other income paid to non-residents of a country.
2. A tax levied on income (interest and dividends) from securities owned by a non-resident.
1. The amount withheld is a credit against the income taxes the employee must pay during the year.
2. Tax is deducted not only from dividends, but from other income paid to non-residents of a country.
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