{"Term":"Resident withholding tax (RWT)","Definition":"\u003cp\u003eResident withholding tax (RWT) is a tax that is deducted from investment income before the investor receives it. \u003c/p\u003e\n\u003cp\u003eIt helps people who receive investment income to pay their tax throughout the year, and makes sure that people who do not declare their investment income still have tax deducted from it. (Inland Revenue still follows up on undeclared investment income and takes action against people who do not declare it.)\u003c/p\u003e","TeReoTerm":"","TeReoDefinition":""}