porez po odbitku
Serbo-Croat translation: withholding tax
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 13:00 May 14, 2008 |
| English to Serbo-Croat translations [PRO] Bus/Financial - Finance (general) | |||||||
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|  Selected response from: Kristina Kolic Croatia Local time: 14:25 | ||||||
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| Summary of answers provided | ||||
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| 5 +3 | withholding tax |
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| 4 | tax credit |
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| Discussion entries: 2 | |
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Answers
5 mins confidence: 
peer agreement (net): +3
peer agreement (net): +3withholding tax Explanation: "Withholding tax is an amount withheld by the party making payment to another (payee) and paid to the taxation authorities. The amount the payer deducts may vary, depending on the nature of the product or service being paid for. The payee is assessed on the gross amount, and the tax to be withheld (the withholding tax) is computed in that assessment. The purpose of withholding tax is to facilitate or accelerate collection, by collecting tax from payers rather than a much greater number of payees, and by collecting tax from payers within the jurisdiction rather than payees who may be outside the jurisdiction. It may also be used to counteract tax evasion and tax avoidance." http://en.wikipedia.org/wiki/Withholding_tax -------------------------------------------------- Note added at 10 mins (2008-05-14 13:10:39 GMT) -------------------------------------------------- "Employers residing in or doing business in Oregon must withhold tax from all wages paid to employees who are residents of Oregon, even for services performed and wages earned outside of Oregon. Employers must also withhold tax from all wages earned by nonresident employees for services performed in Oregon." http://www.oregon.gov/DOR/BUS/withholding.shtml "Withholding Tax = The tax payable on payments such as dividends, interest and debt repayments, sent to foreign entities." http://www.moneymanager.com.au/tools/glossary/dict_w.html "Withholding Tax = A tax on dividend or interest income that is withheld for payment of taxes in a host country. Payment is typically withheld by the financial institution distributing the payment" http://globaledge.msu.edu/resourceDesk/glossary.asp?Index=W |
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