Turnover tax — A turnover tax is similar to a sales tax or a VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when… … Wikipedia
turnover tax — noun Britain : a tax on total transactions or gross sales usually applicable to all sales of commodities by manufacturers, wholesalers, and retailers * * * turnover tax noun A tax paid every time goods change hands during manufacture and… … Useful english dictionary
turnover tax — A tax on the sales made by a business, i. e. on its turnover. See sales tax … Big dictionary of business and management
turnover tax — / tɜ:nəυvə tæks/ noun same as sales tax … Dictionary of banking and finance
Tax system in China — Taxes provide the most important revenue source for the Government of the People s Republic of China. As the most important source of fiscal revenue, tax is a key economic player of macro economic regulation, and greatly affects China s economic… … Wikipedia
Sales tax — Cash register receipt showing sales tax … Wikipedia
tax — ▪ I. tax tax 1 [tæks] noun [countable, uncountable] TAX an amount of money that you must pay to the government according to your income, property, goods etc, that is used to pay for public services: • The President said he would cut taxes for… … Financial and business terms
Tax — Taxation An aspect of fiscal policy … Wikipedia
Tax rates around the world — Taxation An aspect of fiscal policy … Wikipedia
sales tax — A state or local level tax on the retail sale of specified property or services. It is a percentage of the cost of such. Generally, the purchaser pays the tax, but the seller collects it, as an agent for the government. Various taxing… … Black's law dictionary
sales tax — / seɪlz tæks/ noun a tax which is paid on each item sold (and is collected when the purchase is made). Also called turnover tax … Dictionary of banking and finance