withholding tax

with·hold·ing tax

 (wĭth-hōl′dĭng, wĭth-)

n.

A portion of an employee's wages or salary withheld by the employer as partial payment of the employee's income tax. Also called payroll tax, withholding.

withholding tax

n

1. (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. (Industrial Relations & HR Terms) US a portion of an employee's tax liability paid directly to the government by the employer

withhold′ing tax`

n.

that part of an employee's tax liability withheld by the employer from wages or salary and paid directly to the government. Also called with•hold′ing.

[1940–45]

Thesaurus

Noun

1.

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

AbgeltungsteuerQuellensteuer

withholding tax

(US) → (vom Arbeitgeber) einbehaltene Steuer