Withholding


verb (used with object), withheld, withholding.
1.
to hold back; restrain or check.
2.
to refrain from giving or granting:
to withhold payment.
3.
to collect (taxes) at the source of income.
4.
to deduct (withholding tax) from an employee’s salary or wages.
verb (used without object), withheld, withholding.
5.
to hold back; refrain.
6.
to deduct withholding tax.
withholding tax
noun
1.
that part of an employee’s tax liability withheld by the employer from wages or salary and paid directly to the government.
verb -holds, -holding, -held
1.
(transitive) to keep back; refrain from giving: he withheld his permission
2.
(transitive) to hold back; restrain
3.
(transitive) to deduct (taxes, etc) from a salary or wages
4.
(intransitive) usually foll by from. to refrain or forbear
withholding tax
noun
1.
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
2.
(US) a portion of an employee’s tax liability paid directly to the government by the employer

withholding tax definition

The tax withheld (or deducted) directly from one’s paycheck.

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