Expert as in retention A tax deducted at the source of income, typically by an employer or payer, before the income is received by the recipient. Clear All
5 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.
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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