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withholding tax
1 ENTRIES FOUND:
withholding tax
noun
: a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax
Example Sentences
Recent Examples on the Web The changes raise the maximum level of future state income tax and state withholding tax that can be captured at the four development sites — then reimbursed to Bedrock — to 100% from 50%. 
Jc Reindl, Detroit Free Press, 23 Aug. 2022 Without treaty protection, Russian investors in the United States would be subject to 30% of the U.S. withholding tax on U.S.-source dividends and related-party interest paid to residents of Russia. Martin Sullivan, Forbes, 7 Mar. 2022 Core Laboratories in April said its tax rate was affected by the release of withholding tax related to the earnings of the subsidiary, JSC Petroleum Analysts. Mark Maurer, WSJ, 26 July 2022 But under current rules Thailand also imposes withholding tax on all employees – at the rate of 10% for foreigners. Patrick Frater, Variety, 27 June 2022 Of this, $30 million was due to a unique withholding tax payment in the recent quarter. Beth Kindig, Forbes, 13 May 2022 Under the Russia-U.S. treaty, all interest income is exempt from U.S. withholding tax. Martin Sullivan, Forbes, 7 Mar. 2022 The move will enable investors to avoid a new withholding tax on dividends, which is positive, but Shell is seeking more than just a favorable tax environment. David Trainer, Forbes, 21 Dec. 2021 The Anglo-Dutch firm has been in a long-running tussle with the Dutch authorities over the country's 15% dividend withholding tax, which Shell sought to avoid paying with its two share classes. Reuters, CNN, 15 Nov. 2021 See More
Jc Reindl, Detroit Free Press, 23 Aug. 2022 Without treaty protection, Russian investors in the United States would be subject to 30% of the U.S. withholding tax on U.S.-source dividends and related-party interest paid to residents of Russia. Martin Sullivan, Forbes, 7 Mar. 2022 Core Laboratories in April said its tax rate was affected by the release of withholding tax related to the earnings of the subsidiary, JSC Petroleum Analysts. Mark Maurer, WSJ, 26 July 2022 But under current rules Thailand also imposes withholding tax on all employees – at the rate of 10% for foreigners. Patrick Frater, Variety, 27 June 2022 Of this, $30 million was due to a unique withholding tax payment in the recent quarter. Beth Kindig, Forbes, 13 May 2022 Under the Russia-U.S. treaty, all interest income is exempt from U.S. withholding tax. Martin Sullivan, Forbes, 7 Mar. 2022 The move will enable investors to avoid a new withholding tax on dividends, which is positive, but Shell is seeking more than just a favorable tax environment. David Trainer, Forbes, 21 Dec. 2021 The Anglo-Dutch firm has been in a long-running tussle with the Dutch authorities over the country's 15% dividend withholding tax, which Shell sought to avoid paying with its two share classes. Reuters, CNN, 15 Nov. 2021 See More Word History
First Known Use
1940, in the meaning defined above
Time Traveler
The first known use of withholding tax was in 1940 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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