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 periodicals archive ?
New Delhi: Rechristening of the apex indirect tax policy-making body CBEC to Central Board of Indirect Taxes and Customs (CBIC) is likely to happen by April after the budgetary exercise gets Parliament nod.
The company demanded the Federal Board of Revenue (FBR) to simplify indirect taxes on carbonated drinks reported Dawn.
The Indirect Taxation Authority of BiH (ITA) collected 568 million KM of indirect taxes in January this year, which is 85 million KM more than in the same month last year, when the VAT revenues, excise tax, customs duties and tolls amounted to 483 million KM.
Camburn has significant indirect taxes experience advising clients on the complexities of doing business internationally across a number of sectors, in particular, the technology and information sectors.
Michael has significant indirect taxes experience advising clients on the complexities of doing business internationally across a number of sectors, in particular, the technology and information sectors.
During FY2006, indirect taxes constituted 68 percent of total FBR tax collection, while the direct taxes accounted for only 32 percent.
Tenders are invited for Designing and installation of customized furniture in the lecture halls on the Ground and fifth floor of the premises of the Nat ional Academy of Customs, Indirect taxes & Narcotic s, RTI, Bengaluru
If every taxpayer in the country were to pay their share of both direct and indirect taxes properly, do you think we would have to do that?
The GST replaces a slew of indirect taxes with a unified tax regime.
Summary: New Delhi [India], June 28 (ANI): To brace the successful roll out of the Goods and Services Tax (GST), the Finance Ministry on Wednesday announced setting up of a special cell in the North Block of the Parliament dedicated entirely for the uniform indirect tax system, which will subsume various central, state and local indirect taxes and levies.
In particular, indirect taxes on food are considered highly regressive, giving grounds for measures aimed at reducing the tax burden of low-income earners.
Instead of imposing direct taxes government should broad its tax net to the aristocrat and privileged classes and there is a need to enhance indirect taxes.