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withholding tax

noun
1.
that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government.
Also called withholding.
Origin
1940-1945
1940-45
Related forms
unwithholding, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for withholding tax

withholding tax

noun
1.
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
2.
(US) a portion of an employee's tax liability paid directly to the government by the employer
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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withholding tax in Culture

withholding tax definition


The tax withheld (or deducted) directly from one's paycheck.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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