output tax

  

Definition

Ad valorem tax charged on the selling price of taxable goods or services, and is payable by the customer. Value added tax (VAT) charged by businesses is an output tax that is distinguished from the VAT paid by them, which is their input tax.

Use output tax in a sentence



http://www.businessdictionary.com/definition/output-tax.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z