Withholding Tax

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mneilson

Corporate Services
Business Angel
Better and efficient tax collection boosts the spending and purchasing power of a sovereign country. To strengthen economy, various types of tax are collected. But what is withholding tax?
 

richardm1964

Offshore Agent
Withholding tax is a "tax levied on income"s (interest and dividends) from securities owned by a non-resident. In case of Income tax, the tax withheld from employee's wages and paid directly to the government fund by the employer.
 
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