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taxă reţinută la sursă

English translation: withholding tax

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Romanian term or phrase:taxă reţinută la sursă
English translation:withholding tax
Entered by: translator2012
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23:43 Mar 8, 2008
Romanian to English translations [PRO]
Finance (general)
Romanian term or phrase: taxă reţinută la sursă
Statul membru de care aparţine societatea-mamă nu poate percepe taxa reţinută la sursă pe profiturile pe care societatea-mamă le primeşte de la filială.

Mulţumesc.
translator2012
withholding 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 counteract tax evasion and tax avoidance either by domestic or international taxpayers. In some jurisdictions, the purpose of deduction is also to facilitate or accelerate collection and no assumption about evasion is inferred."
http://en.wikipedia.org/wiki/Withholding_tax
Selected response from:

xxxMihai Badea
Luxembourg
Grading comment
Mulţumesc.
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +6withholding taxxxxMihai Badea


  

Answers


6 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +6
withholding 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 counteract tax evasion and tax avoidance either by domestic or international taxpayers. In some jurisdictions, the purpose of deduction is also to facilitate or accelerate collection and no assumption about evasion is inferred."
http://en.wikipedia.org/wiki/Withholding_tax

xxxMihai Badea
Luxembourg
Native speaker of: Native in RomanianRomanian
PRO pts in category: 82
Grading comment
Mulţumesc.

Peer comments on this answer (and responses from the answerer)
agree  T&I Contprest
25 mins

agree  Georgiana Vasilescu
1 hr

agree  Corina Dinu
2 hrs

agree  wordbridge
3 hrs

agree  Iosif JUHASZ
7 hrs

agree  Tradeuro Language Services
15 hrs
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