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单词 deduction of tax at source
释义
deduction of tax at source

deduction of tax at source the process whereby the payer of, e.g. interest, deducts income tax at the basic rate from the payment and accounts for it to the Inland Revenue. It can be compared with the system of Pay-As-You-Earn (PAYE), whereby employers are required to deduct INCOME TAX from payments of wages or salaries.

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更新时间:2024/10/27 5:31:00