nonresident alien - Business Definition
nonresident alien - Investment & Finance Definition
A non-U.S. citizen who lives outside of the U.S. but who has taxable business activities in the U.S. A nonresident alien is subjected to a withholding tax of 30 percent on dividend payments unless the alien’s country has a tax treaty with his or her native country. A nonresident alien is subjected to higher income tax withholding in other financial areas as well.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.