Withholding Tax

Withholding Tax is definitely an Income tax withheld from employees’ wages and paid straight to the government through the employer. It is a tax levied about income (interest in addition to dividends) from securities owned by way of non-resident. A withholding tax, also called some sort of retention tax, is a government requirement for your payer of a service of income for you to withhold or deduct tax through the payment, and pay that tax for the government.