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Glossary   >   P   >   "Pay as you go basis" Definition            Pay as you go basis A system of tax payment by which an employer deducts a proportion of an employees salary for onward remittance to the Inland Revenue Service. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Pay as you go basis - A system of tax payment by which an employer deducts a proportion of an employees salary for onward remittance to the Inland Revenue Service.