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 ?
UK based indirect tax technology company, Innovate Tax Limited, announces the successful formation of a Limited Liability Company in the United States of America, signifying the achievement of another milestone within its strategic plan for international market growth.
Tax professionals have managed the analysis of complex data for indirect tax recovery through time-consuming statistical analysis and sample sets.
The Republika Srpska Government filed today the lawsuit against the Federation of Bosnia and Herzegovina by the Court of Bosnia and Herzegovina over debt from the allocation of indirect tax revenue, in the amount of KM 34,571,047.78.
Overall, 15 per cent of people's expenditure is accounted for by indirect tax, about two-thirds of which is VAT, with little variation across rich and poor households.
Overall, 15% of people's expenditure is accounted for by indirect tax, about twothirds of which is VAT, with little variation across rich and poor households.
He further proposed that the federal and provincial tax systems should be harmonized, double taxation should be discouraged, and direct taxes should be encouraged instead of the indirect tax system,' he added.
The impact of direct and indirect tax is felt most by households with the lowest overall income, according to the research.
GTA head of Indirect Tax Hamad Mohamed al-Attiyah and GTA's indirect tax expert, Samy Nasr Peter Alagos
Summary: New Delhi [India], Feb 6 (ANI): The Union Cabinet has approved the proposal for Abolition of Institution of Income-Tax Ombudsman and Indirect Tax Ombudsman.
Another problem is indirect taxes. Increase in indirect tax means that poor people are forced to pay more taxes as compared to rich people.
The first training course, which was delivered by KPMG partner and indirect tax leader Philippe Norre and KPMG senior manager of indirect tax Ali Al Mahroos, focused on VAT and its application.
Modi said 54 lakh new taxpayers have sought registration under the new regime, taking the number of indirect tax payers to over one crore.