estimated tax

estimated tax

A tax paid quarterly by a taxpayer not subject to withholding (such as a self-employed person) based on either the previous year’s tax liability or an estimate of the current year’s tax liability. [Cases: Internal Revenue 4827, 4832, 5219.40; Taxation 1096. C.J.S. Internal Revenue ¡ì¡ì 725¨C726, 733, 821; Taxation ¡ì¡ì 1777¨C1778.]
How do Chinese legal professionals usually express the term estimated tax?
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