sales tax


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sales tax

n.
A tax levied on the retail price of merchandise and collected by the retailer.

sales tax

n
(Economics) a tax levied on retail sales receipts and added to selling prices by retailers

sales′ tax`


n.
a tax on a purchase, added to the total sale.
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)
Translations

sales tax

n (Am) → imposta sulle vendite
References in periodicals archive ?
Retailers with physical stores in the state are required to collect sales tax on merchandise sold online, as Wal-Mart Stores Inc.
A sales tax is collected on the sale of personal property and some services in most states, similarly to the Canadian Goods and Services Tax and the European value-added tax (VAT).
The owners of a small take-out deli were exempt from sales taxes because there is no sales tax on food that can't be consumed on the premises.
If we have to pay sales tax on breast implants, we will have to pass it along to the patient,'' said Pamela Dipasquale, office manager for a Redlands plastic surgeon who figured a breast implant levy would cost her office about $10,000 a year.
The SSTP is a project now consisting of 39 states that are working to harmonize sales tax rules and recording taxing the transaction.
The present moratorium on sales tax on online sales is scheduled to expire on October 21 of this year.
Some vendors claim it's unfair for local businesses to have to compete with Internet businesses that don't collect sales tax, but others say that shipping charges for online purchases level the field.
The key features of a streamlined sales tax system include:
Legislation exempting Internet transactions from tax would give online merchants a permanent price advantage equal to state sales tax rates.
Since congressional Republicans haven't decided upon a unified strategy for replacing the current Internal Revenue Code, flat tax and sales tax advocates will spend the next couple of years vying for the hearts and minds of Americans who want genuine reform.
In the first lawsuit, the Empire State Building was pursued for New York State sales tax payments based on a state interpretation of a lease clause.
19 million outstanding sales tax revenue bonds (senior bonds) 'AA';