Tax Deposit
Tax Deposit means:
the payment of federal tax liability through a Federal Reserve Bank or a commercial bank that has been designated as a U.S. depository. The types of taxes deposited, rather than paid directly to the U.S. Internal Revenue Service, include corporate income taxes, excise taxes, withheld income and employment taxes, and income tax withheld from payments to foreign taxpayers.
Tax Deposit Certificate in U.S. and other Developed Countries International Tax Meaning
Certificate available for purchase in US to taxpayers liable to income or corporate tax, etc. Liability to taxes may be paid by cashing in the deposit certificate. Interest is credited on the deposit by the Inland Revenue.
See Corporate Tax in the U.S. Legal Encyclopedia and Corporate Tax in the International Legal Encyclopedia.
Leave a Reply