withholding tax

• Impôt retenu à la source sur un revenu (salaire, dividende, intérêt) par le payeur, qui le verse directement à l'administration fiscale pour le compte du bénéficiaire en acompte de l'impôt dû.

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.

   retenue à la source

   • 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.