Expert A tax that is retained or deducted from income at the source, typically by an employer, before it reaches the recipient. Clear All
3 Example Sentences Showcasing the Meaning of 'Withholding Tax'
The withholding tax on my investment gains is automatically processed by the financial institution.
Freelancers need to be aware of their responsibility for calculating and paying withholding tax.
Investors should consider the impact of withholding tax on their overall returns.
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