Значение слова "BACKUP WITHHOLDING" найдено в 3 источниках

BACKUP WITHHOLDING

найдено в "Financial and business terms"

backup withholding: translation

backup withholding ˈbackup withˌholding noun [uncountable]

FINANCE a system in the US in which banks and companies paying out investment earnings to people whose social security numbers they do not have, send a percentage of the earnings directly to the tax authorities:

• The start of this backup withholding has been delayed, giving taxpayers more time to supply their numbers.

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backup withholding UK US noun [U]

► TAX in the US, a system in which the tax on the income from some types of investment is sent directly to the tax authority, for example when a bank does not have all the information it needs about the person paying the tax: »Under the backup withholding rules, the business or bank must withhold on a payment if the payee did not provide a taxpayer identification number.

найдено в "Investment dictionary"

Backup Withholding: translation

Tax that is levied on investment income, at an established tax rate, as the investor withdraws it. Backup withholding helps to ensure that government tax-collecting agencies (such as the IRS or Canada Revenue Agency) will be able to receive income taxes owed to them from investors' earnings. Backup withholding may be applied when an investor has not met rules regarding taxpayer identification numbers (TIN). At the time the investor withdraws his or her investment income, the amount mandated by the backup withholding tax is remitted to the government, providing the tax-collecting body with the required funds immediately, but leaving the investor with less short-term cash flow.

Investors commonly earn income - for example, interest payments, dividends, capital gains - from assets in which they have invested. While this income is taxable at the time it is received, the taxes owed on any calendar year's worth of investment income only come due once every year, during tax season.

Thus, an investor could potentially spend all of his investment income before his annual income taxes come due, leaving him unable to pay taxes, and leaving the IRS with the difficult and expensive job of collecting the taxes owed. It is primarily this risk that motivates the government to sometimes require backup withholding taxes to be levied by financial institutions at the time investment income is earned.

найдено в "Англо-русском экономическом словаре"

банк., амер. дополнительное удержание* (согласно правилам Службы внутренних доходов США: удержание финансовым учреждением части процентов или дивидендов, причитающихся тем клиентам, которые не уплатили налоги на такие выплаты в прошлых налоговых периодах или не сообщили финансовому учреждению свой номер социального страхования)

See:

interest income, dividend income, withholding tax, Internal Revenue Service, social security number

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дополнительное удержание: правило Службы внутренних доходов США, требующее от банков удержания части процентов или дивидендов (20%), причитающихся клиентам, которые не уплатили налоги на такие выплаты в прошлом финансовом году или не указали банку свой номер социального страхования (США); чтобы избежать такого удержания, инвестор заполняет для финансового учреждения форму W-9, подтверждающую правильность его номера социального страхования.

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