withholding tax


noun

that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government.

Nearby words

  1. withers,
  2. withershins,
  3. witherspoon,
  4. witherspoon, john,
  5. withhold,
  6. within,
  7. within an ace of,
  8. within bounds,
  9. within call,
  10. within reach

Origin of withholding tax

First recorded in 1940–45

Also called withhold·ing.

Related formsun·with·hold·ing, adjective

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


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

Culture 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.