withholding tax
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withholding tax

1. (Economics, Accounting & Finance / Banking & Finance) 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. (Business / Industrial Relations & HR Terms) US a portion of an employee's tax liability paid directly to the government by the employer

ThesaurusLegend: Synonyms Related Words Antonyms

Noun

withholding tax - income tax withheld from employees' wages and paid directly to the government by the employer

withholding

income tax - a personal tax levied on annual income

pay as you earn, PAYE - the British system of withholding tax

Translations

withholding tax (US) → (vom Arbeitgeber) einbehaltene Steuer

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withholding tax (redirected from Payroll tax)

withholding tax
(redirected from Payroll tax)