Expert as in refusal A tax deducted from income at the source, typically by employers, before the income is received by the taxpayer. Clear All
4 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The government mandates employers to calculate and deduct the withholding tax accurately to ensure fair taxation.
Employees should be aware of any changes in tax regulations that might affect the amount of withholding tax deducted from their income.
The accountant advised the entrepreneur on the importance of setting aside funds for quarterly estimated tax payments, including withholding tax.
The government introduced new regulations to ensure transparency in the withholding tax process, benefiting both employers and employees.
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