Withholding Tax

外汇网2021-06-19 14:17:50 173

1. Income tax withheld from employees' wages and paid directly to the government by the employer.

2. A tax levied on income (interest and pidends) 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 pidends, but from other income paid to non-residents of a country.

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