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What is the meaning of withholding transaction in tax bank?
Tax-bank deduction refers to the bank's batch deduction, which is generally used to withhold electricity, water, loans, taxes and fees. For example, once the bank receives the data details of users' deductions from the water supply company, it will deduct all users' expenses in the data at one time according to this data, instead of deducting them one by one.

Tax bank withholding is a tripartite agreement. Generally speaking, the taxes declared and deducted online are managed by the tax authorities, the state treasury and banks. Online tax payment is directly deducted and put into storage, and there is no need to write tax receipts, storage books and deduction books. That is, the enterprise, the bank and the national tax bureau sign a tripartite agreement, and it is more convenient to transfer money directly online without going to the bank to pay.

What do you mean by detention?

General withholding means that after a taxpayer opens a deposit account in a bank and signs an entrusted tax payment agreement with the deposit bank, the tax authorities regularly launch batch tax deduction information every month, and the taxpayer's deposit bank will withhold tax from the taxpayer's deposit account after receiving it, and return the deduction result to the tax authorities.