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Definition of Withholding tax
1. Noun. Income tax withheld from employees' wages and paid directly to the government by the employer.
Exact synonyms: Withholding
Generic synonyms: Income Tax
Specialized synonyms: Pay As You Earn, Paye
Derivative terms: Withhold
Generic synonyms: Income Tax
Specialized synonyms: Pay As You Earn, Paye
Derivative terms: Withhold
Definition of Withholding tax
1. Noun. A withholding, a tax withheld from employees' salary and paid to the government. The withheld amount is considered a credit in final taxation. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Withholding Tax
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