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withholding tax

Word family
Related topics: Tax
withˈholding ˌtax noun [countableC, uncountableU]  
American EnglishAmEPET money that is taken out of your wages as tax 预扣税,预提税金
Examples from the Corpus
From Longman Business Dictionary
withholding taxwithˈholding tax [countableC, uncountableU]TAX
1the amount of interest or DIVIDEND (=regular income from shares) that a financial institution must take from someone’s investments and give to the government as income tax
2in the US, the amount of an employee’s income that their employer must keep to give to the government as income tax
tax
withˈholding ˌtax noun
Chinese
Syllable
Corpus

See also: withholding tax


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