Glossary entry (derived from question below)
English term or phrase:
withholding agent
Arabic translation:
المٌكلف بأداء الضريبة/المكلف باقتطاع الضريبة من المنبع
Added to glossary by
mohamed aglan
Sep 27, 2018 13:07
6 yrs ago
6 viewers *
English term
withholding agent
English to Arabic
Law/Patents
Finance (general)
Withholding agent who has control, custidy or payment of my income
Proposed translations
(Arabic)
4 | المٌكلف بأداء الضريبة/المكلف باقتطاع الضريبة من المنبع | Yasser Salama |
4 | وكيل اقتطاع ضريبي من المنبع | Ahmed Abdel-Aziz |
Proposed translations
1 hr
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30 days
وكيل اقتطاع ضريبي من المنبع
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As a withholding agent, you are personally liable for any tax required to be withheld. This liability is independent of the tax liability of the foreign person to whom the payment is made. If you fail to withhold and the foreign payee fails to satisfy its U.S. tax liability, then both you and the foreign person are liable for tax, as well as interest and any applicable penalties. The applicable tax will be collected only once. If the foreign person satisfies its U.S. tax liability, you may still be held liable for interest and penalties for your failure to withhold.
As a withholding agent, you are personally liable for any tax required to be withheld. This liability is independent of the tax liability of the foreign person to whom the payment is made. If you fail to withhold and the foreign payee fails to satisfy its U.S. tax liability, then both you and the foreign person are liable for tax, as well as interest and any applicable penalties. The applicable tax will be collected only once. If the foreign person satisfies its U.S. tax liability, you may still be held liable for interest and penalties for your failure to withhold.
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