withholding tax

• Ein Steuerabzug, bei dem der Arbeitgeber oder Schuldner einen Teil des Lohns oder der Zahlung einbehält und direkt an die Regierung als Vorauszahlung auf die Einkommen- oder Kapitalertragsteuer abführt.

A portion of an employee's wages or a payer's income that is deducted by the employer or payer and sent directly to the government as an advance payment of income tax.

1. Tax deducted at sourceC1formal

   An amount of money that an employer or payer deducts directly from an employee's salary or a payment to a non-resident and pays to the government as an advance payment of income tax.

   Quellensteuer

   • The company is responsible for calculating and remitting the correct withholding tax to the tax authority.
   • Foreign contractors often have a withholding tax applied to their invoices.
   • Your paycheck shows the amount of withholding tax deducted for federal income tax.