| Site Navigation |
|
Categories: Taxation International taxation Articles lacking sources from August 2007 All articles lacking sources |
Summary Of: Withholding taxThe purpose of withholding tax is to facilitate or accelerate collection... Domestic withholding tax is often applied to earned income in circumstances where the payee might otherwise avoid declaring... Domestic withholding tax is also applied to interest and... unusual in that it does not generally require withholding tax on payments to citizens and residents... s country may require withholding tax to be applied to the payment... International withholding tax may be required for... withholding tax is not required on dividends paid to domestic shareholders... The United Kingdom does not impose withholding tax on dividends paid to non... withholding tax on distributions from... do not require withholding tax to be applied on most interest paid to individuals... many countries impose a withholding tax on interest payments to non... The rate of withholding tax may be reduced or eliminated by a... savers in other member states a choice of withholding tax or a report to the tax authority in the saver... no withholding tax should be levied on interest payments made by a company resident in one EU member... operate transitional arrangements which allow them to levy withholding tax on interest payments to residents of other EU member states for a specified period only... which may give rise to tax leakage where withholding tax is levied on payments of interest... such that no withholding tax should be levied... Tax treaties do not generally remove or reduce withholding tax on rental income... Some countries permit the withholding tax itself to be reduced... be able to claim a credit for the withholding tax paid and not refunded or refundable...Encyclodia Page On: Withholding tax |
