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withholding tax
noun
- that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government.
withholding tax
noun
- tax deducted at source from income, esp from dividends, paid to nonresidents of a country, which may be reclaimed if a double-taxation agreement exists between the country in which the income is paid and the country of residence of the recipient
- a portion of an employee's tax liability paid directly to the government by the employer
withholding tax
- The tax withheld (or deducted) directly from one's paycheck.
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Other Words From
- unwith·holding adjective
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Word History and Origins
Origin of withholding tax1
First recorded in 1940–45
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