Labor & Employment
げんせん源泉ちょうしゅう徴収
Withholding (tax at source)
Definition
Withholding is a system where the payer deducts income tax at the time of payment and remits it to the government. Businesses (withholding agents) pay monthly or semi-annually under a special provision.
Examples
源泉徴収した所得税は、翌月10日までに納付します。
Withheld income tax (源泉徴収) must be paid by the 10th of the following month.