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withholding tax

Word family 
Related topics: Tax
withˈholding ˌtax noun [countableC, uncountableU]  
American EnglishAmEPET money that is taken out of your wages as tax 预扣税，预提税金
Examples from the Corpus
withholding tax• And more decisively, they imposed a withholding tax to deter foreign residents from buying domestic deutschmark bonds.• Offshore companies are exempt from exchange controls and withholding tax.• The discount does not attract withholding tax under s349, whereas interest payable to the institutional holder usually would.• Income on any overseas assets backing this policy may be paid subject to a local withholding tax.• As a result, they suffer the full rate of withholding tax on dividends from foreign subsidiaries.• One component of the tax reform had already been abandoned, namely the withholding tax on most forms of savings and investments.
From Longman Business Dictionary
withholding taxwithˈholding tax [countableC, uncountableU]TAX
1the amount of interest or DIVIDEND (=regular income from shares) that a financial institution must take from someone’s investments and give to the government as income tax
2in the US, the amount of an employee’s income that their employer must keep to give to the government as income tax
→ tax
withˈholding ˌtax noun
Chinese
Syllable
Corpus

See also: withholding tax

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