withholding tax
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noun
that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government.
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Also called withholding.
Origin of withholding tax
First recorded in 1940–45
OTHER WORDS FROM withholding tax
un·with·hold·ing, adjectiveDictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2021
Example sentences from the Web for withholding tax
British Dictionary definitions for withholding tax
withholding tax
noun
tax deducted at source from income, esp from dividends, paid to nonresidents of a country, which may be reclaimed if a double-taxation agreement exists between the country in which the income is paid and the country of residence of the recipient
US a portion of an employee's tax liability paid directly to the government by the employer
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for withholding tax
withholding tax
The tax withheld (or deducted) directly from one's paycheck.
The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.