Expert as in omission A tax deducted at the source of income, typically by an employer or payer, before the income is received by the recipient. 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.
Emily, a recent graduate, was learning to manage her finances, including understanding the concept of withholding tax.
John, a seasoned professional, was well aware of the importance of accurate documentation for withholding tax purposes.
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