Withholding tax
Withholding tax – tax which is paid in case of payment of interest, royalties or dividends. In European Union this tax is repealed by the Council Directive 90/435/EEC on the Common System of Taxation Applicable in the Case of Parent Companies and Subsidiaries of Different Member States and the Council Directive 2003/49/EC on a Common System of Taxation Applicable to Interest and Royalty Payments Made between Associated Companies of Different Member States.
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