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turnover tax

   Also found in: Financial, Encyclopedia, Wikipedia 0.01 sec.
Translations
turnover tax
nUmsatzsteuer f


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Prior to this, I fought for years against off-course punters paying betting duty, as most lose annually and their contribution to the turnover tax paid by the bookmakers was always an outrage and, for some punters, a significant portion of their losses.
Mirza Ikhtiar Baig has urged PMs Advisor on Finance Shaukat Tareen to remove anomaly in the budget regarding the calculation of turnover tax from export sales on local sales.
In pre-VAT system, there were many kinds of taxes: turnover tax, sales tax, purchase tax, entry tax, octroi tax, and service tax and so on, which only jacked up the final tax.
 
 
 
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