sales tax


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sales tax

n.
A tax levied on the retail price of merchandise and collected by the retailer.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

sales tax

n
(Economics) a tax levied on retail sales receipts and added to selling prices by retailers
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

sales′ tax`


n.
a tax on a purchase, added to the total sale.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.sales tax - a tax based on the cost of the item purchased and collected directly from the buyer
excise, excise tax - a tax that is measured by the amount of business done (not on property or income from real estate)
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
Translations

sales tax

n (Am) → imposta sulle vendite
Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995
References in periodicals archive ?
FBR Sales Tax Chief Hamid Memon announced in a news briefing on Thursday that in the next couple of days, the FBR will start paying sales tax refunds in the range of Rs15 billion to Rs20bn a month to the five export-oriented sectors through the FASTER system.
The circular clarifies that a business which is not registered for sales tax and does not have an STRN is not authorized to charge sales tax on the invoice.
'It is, therefore, clarified that sales tax registration number (STRN) (thirteen digits) is issued to every person who is registered for sales tax purpose and only that person is authorized to change sales tax on his taxable sales except where goods fall under third schedule to the Sales Tax Act-1990,' reads the circular issued by FBR.
The FBR, in a circular, stated that the general public had lodged complaints against businessmen, who were charging sales tax from consumers without being registered with the board under the Sales Tax Act-1990.
The FBR clarification has further advised the Customers to ask for invoices/receipts having Sales Tax Number (STRN) on the invoices/receipts on purchase of goods and services,said in press release issued by FBR here on Thursday.
It is further clarified that a buyer is not required to provide his NIC in case of purchases from a person not registered for sales tax. It is also clarified that in case of purchase of third schedule items, which are subject to sales tax on the basis of retail price and on which retail price along with sales tax is legibly and indelibly printed or embossed, the sales tax on the same is deposited by the manufacturer or importer.
IBC strongly condemns the imposition of 16% sales tax on the services of lawyers in the Islamabad Capital Territory, the bar said in a statement on Monday.
Since 2011, there was no sales tax applicable on these services.
The current sales tax collection is in the range of Rs1.7 trillion and the government is looking for avenues to generate additional over Rs350 billion from sales tax alone in fiscal year 2019-20.
Many businesses are only now coming to grips with a significant sales tax law change that happened last summer.
Supreme Court ruled that states can't collect sales tax from a business unless the business has a physical presence in their state.
February sales tax collections were 0.6 percent, or $127,000, less than projected.