Advanced as in omission A tax deducted at the source of income, often by employers or financial institutions, before the income is received by the recipient. Clear All
4 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The company accountant explained the concept of withholding tax during the orientation session for new employees.
The small business owner faced challenges in calculating and managing the withholding tax for the employees.
The finance professor elaborated on the implications of withholding tax on corporate finances in the advanced accounting class.
Learning about withholding tax is part of the training for new employees in the finance department.
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