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indirect tax

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
indirect tax
n.
A tax, such as a sales tax or value-added tax, that is levied on goods or services rather than individuals and is ultimately paid by consumers in the form of higher prices.

indirect tax
n
(Business / Commerce) a tax levied on goods or services rather than on individuals or companies Compare direct tax
indirect taxation  n
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.indirect tax - a tax levied on goods or services rather than on persons or organizations
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
hidden tax - a tax paid unwittingly by the consumer (such as ad valorem taxes)
tariff, duty - a government tax on imports or exports; "they signed a treaty to lower duties on trade between their countries"
excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)


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However, the global lessons on indirect tax may be more relevant, as several GCC countries continue to ponder introducing value added tax (VAT) as a way of raising additional revenue.
However, the global lessons on indirect tax may be more relevant, as several GCC countries continue to ponder introducing value added tax (VAT) as a way of raising additional revenue.
In recent years, the average global indirect tax rate has hovered in a narrow range between 15% and 16%.
 
 
 
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