WITHHOLDING TAX meaning: money that is taken from a person's pay and given directly to the government as income tax
: to refuse to grant, give, or allow withhold permission 3 : to deduct (withholding tax) from income withholder noun More from Merriam-Webster on withhold Nglish: Translation of withhold for Spanish Speakers Britannica English: Translation of withhold for Arabic SpeakersLast...
What is Withholding tax meaning? A percentage of a worker’s wages or the salary is often deducted from their payment as withholding. Either the federal and the state, as well as local tax authorities, receive this part. The W-2 Form that workers receive at the end of each year shows ...
Withholding tax, in its technical meaning, refers to a financial mechanism where a certain percentage of income or interest payments made by foreign corporations is deducted and subsequently collected by the government as tax before the full amount is paid to the recipient. This practice...
Looking for online definition of withholding in the Medical Dictionary? withholding explanation free. What is withholding? Meaning of withholding medical term. What does withholding mean?
The meaning of WITHHOLDING TAX is a deduction (as from wages, fees, or dividends) levied at a source of income as advance payment on income tax.
Definition of withholding tax in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is withholding tax? Meaning of withholding tax as a finance term. What does withholding tax mean in finance?
withholding tax meaning, definition, what is withholding tax: money that is taken out of your wages as...: Learn more.
The money that’s withheld by the employer acts as a credit against the employee’s annual income taxes. Those who have too much money withheld will receive a tax refund or money back from either the local or federal government (or both, depending on the circumstance). Those who didn’t ...
Also Read:Tax Accounting – Meaning, Pros, Components, and More Nonresident Withholding Tax This form is for the nonresident to ensure that they pay all the taxes from the income generated using the US resources. A non-resident is a person who is foreign-born and has not cleared the green...