withholding tax
Definition
Employee income tax (such as PAYE) and other government imposed deductions from dividends, salaries, wages, and other incomes. Withholding taxes are levied at the point of disbursement of incomes, and are passed on to the government by the entities collecting them.
withholding tax is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
withholding tax appears in the definition of the following term: business tax
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