Sentences with phrase «withholding tax payable»

If you have a rollover super benefit consisting wholly or partly of an untaxed element that exceeds the untaxed plan cap amount, the paying fund will withhold the tax payable on the excess amount.

Not exact matches

In connection with awards under the LTICP, the Company may withhold from any cash otherwise payable to a participant or require a participant to remit to the Company an amount sufficient to satisfy federal, state, local and foreign withholding taxes.
withholding tax and tax payable by instalment provisions)
«Withholding taxes and taxes on revenue such as equalisation levies are blunt instruments that are likely to give rise to double taxation and may risk stifling innovation as taxes may become payable before profits are made.»
Audible may deduct or withhold any taxes that Audible may be legally obligated to deduct or withhold from any amounts payable to you, and payments as reduced by such deductions or withholdings will constitute full payment and settlement to you.
Tax software adjusts the Canadian tax payable with the withholding tax already paTax software adjusts the Canadian tax payable with the withholding tax already patax payable with the withholding tax already patax already paid.
Depending how much you withdraw at any given time, your financial institution will withhold a minimum amount of tax (at least 10 per cent), but there could be further tax payable when you file your annual tax return.
As with all mutual funds, Transamerica funds may be required to withhold U.S. federal income tax at the fourth lowest tax rate applicable to unmarried individuals (24 % as of January 1, 2018) on all taxable distributions payable to you if: a) you fail to provide the fund with your correct taxpayer identification number; b) you fail to make required certifications; or c) if you have been notified by the IRS that you are subject to backup withholding.
Most countries have a foreign tax credit mechanism whereby your Canadian tax withheld at source is credited against your foreign tax payable on the income in your country of residence.
The funds may be required to withhold U.S. federal income tax on all taxable distributions payable to shareholders if they fail to provide the funds with their correct taxpayer identification number or to make required certifications, or if they have been notified by the IRS that they are subject to backup withholding.
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