taxă reţinută la sursă
English translation: withholding tax
| GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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| 23:43 Mar 8, 2008 |
| Romanian to English translations [PRO] Finance (general) | |||||
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|  Selected response from: Mihai Badea (X) Luxembourg | ||||
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| Summary of answers provided | ||||
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| 3 +6 | withholding tax |
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Answers
6 hrs confidence: 
peer agreement (net): +6
peer agreement (net): +6withholding 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 |
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