withholding


Also found in: Thesaurus, Medical, Legal, Financial, Acronyms, Wikipedia.

with·hold

 (wĭth-hōld′, wĭth-)
tr.v. with·held (-hĕld′), with·hold·ing, with·holds
1. To refrain from giving or granting: withhold information; withhold judgment. See Synonyms at keep.
2. To keep in check; restrain: I was unable to withhold my laughter.
3. To deduct (withholding tax) from an employee's salary.

[Middle English witholden : with, away from; see with + holden, to hold; see hold1.]

with·hold′er n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.withholding - the act of deducting from an employee's salary
subtraction, deduction - the act of subtracting (removing a part from the whole); "he complained about the subtraction of money from their paychecks"
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
2.withholding - income tax withheld from employees' wages and paid directly to the government by the employer
income tax - a personal tax levied on annual income
pay as you earn, PAYE - the British system of withholding tax
3.withholding - the act of holding back or keeping within your possession or control; "I resented his withholding permission"; "there were allegations of the withholding of evidence"
holding, retention, keeping - the act of retaining something
Translations
ennakonpidätys
References in classic literature ?
I have done a vast deal of this, but I have usually been aware that the book was subtly withholding from me the best a book can give, since I was not reading it for its own sake and because I loved it, but for selfish ends of my own, and because I wished to possess myself of it for business purposes, as it were.
The light of the half moon fell ghostly through the foliage of trees in spots and patches, revealing much that was unsightly, and the black shadows seemed conspiracies withholding to the proper time revelations of darker import.
Never would Edna Pontellier forget the shock with which she heard Madame Ratignolle relating to old Monsieur Farival the harrowing story of one of her accouchements, withholding no intimate detail.
If changes to withholding should be made, the Withholding Calculator gives employees the information they need to fill out a new Form W-4, Employees Withholding Allowance Certificate.
An analysis of tax collection by the field formations in July-December of the current fiscal year revealed that the contribution of withholding tax to total income tax receipts was in the range of 75% to 95% in the case of 20 out of 23 formations.
While the financial impact of the FIRPTA tax falls solely on the foreign seller, the US purchaser bears the burden of withholding, reporting and remitting the tax obligation.
The salient features of the directory include Withholding Tax Collection Report (RTOs/LTUs); Withholding Tax Collection Report (Range/Units); Sectorial Withholding Tax Collection Report; Section wise Withholding Tax Collection Report; Withholding Agent's Monthly Tax Collection Report; Withholdee's Monthly Tax Collection; Graphical Dashboards; Comparison of Withholding Tax Collection with Preceding Year's Withholding Tax Collection; and Sending Reminders to field officers for enforcement.
Introduction Digital Directory for Withholding Agents is a Management Information System (MIS) built to monitor real-time tax collection received under various sections of withholding tax,' official sources said.
The with holding obligation is imposed under Internal Revenue Code (IRC) sections 1441 (for individuals) and 1442 (for corporations), which require, with certain exceptions, withholding agents to withhold on U.
It is requested that field officers are restrained from issuing penalty notices until the issues are fixed and withholding tax module becomes operational," said Mohammad Zubair, president at KTBA.
This means that the withholding credit stays with the related income.
If the IRS allows a refund or credit for an amount that a withholding agent has not deposited, it may have difficulty recovering that amount because the taxpayer and sometimes the withholding agent may be outside the United States.