indirect tax

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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
(Commerce) a tax levied on goods or services rather than on individuals or companies. Compare direct tax
indirect taxation n

in′direct tax′


n.
a tax levied on a commodity that is paid by the consumer as part of the market price.
[1795–1805]
ThesaurusAntonymsRelated WordsSynonymsLegend:
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)
References in classic literature ?
His scheme levied a toll on the consumption by means of direct taxation and suppressed the whole machinery of indirect taxation. The levying of the taxes was simplified by a single classification of a great number of articles.
By doing away with the machinery of indirect taxation, which is very costly (a State, as it were, within a State), both the public finances and the individual tax-payer are greatly benefited, not to speak of the saving in costs of collecting.
If the Alliance of Independent Social Democrats (SNSD) remains true to its intention of withdrawing from the Armed Forces of BiH, the Indirect Taxation Authority (ITA) of BiH, the Court of BiH and other state institutions after September 5 because Zoran Tegeltija has not been elected chairman of the Council of Ministers, it would be truly a crazy move and a call for a new war," claims BiH Foreign Minister and PDP Vice President Igor Crnadak.
To put it simply, there is both direct and indirect taxation (in different combinations).
Summary: New Delhi [India], July 18 (ANI): Finance Minister Nirmala Sitharaman on Thursday said seven legislations each under the direct taxation and indirect taxation were being amended by the Finance Bill to boost manufacturing and bring greater simplicity and effectiveness to the laws.
In the past few years, nothing has gone untaxed, whether through direct or indirect taxation. The government has introduced the increments in taxes to increase collection for the next year, and this will throw the average citizen in a dismal state.
the assistance of a tax law firm is necessary to consolidate and defend the group~s tax choices, propose optimization options, and secure exceptional transactions, whether in the area of direct or indirect taxation. the previous market ended on may 20th and it is necessary to renew it with a competitive consultation.
He was of the view that the system of direct taxation should be encouraged more than the indirect taxation and the politicians should set an example by coming forward.
Moreover, the government was moving towards direct taxation regime while gradually curtailing the indirect taxation, he added.
Moreover, the government is moving towards direct taxation regime while gradually curtailing the indirect taxation, he added.
It needs financial resources for which government must ensure that tax net is widened to increase revenues through direct taxation on income generated on all sources and only after having exhausted all such avenues, they should try to fill deficit through indirect taxation. Any citizen who resorts to tax evasion, corruption and bribery must be prosecuted in accordance with laws in existence in a court of law.
They said the current taxation system was mostly dependent on indirect taxation which was regressive in nature.