Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is indirect tax - definition
Indirect tax
![General government]] revenue, in % of [[GDP]], from indirect taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 0 % by tax revenue.](https://commons.wikimedia.org/wiki/Special:FilePath/GDP per capita PPP vs indirect taxes 2016.svg?width=200 "General government]] revenue, in % of [[GDP]], from indirect taxes. For this data, the [[variance]] of GDP per capita with purchasing power parity (PPP) is explained in 0 % by tax revenue.")
TAX COLLECTED BY AN INTERMEDIARY. INDIRECT TAXES ARE LEVIED (IMPOSED OR CHARGED) BY GOVERNMENT
Indirect taxes; Indirect taxation; Indirect Tax
An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased. Alternatively, if the entity who pays taxes to the tax collecting authority does not suffer a corresponding reduction in income, i.
Indirect Tax
TAX COLLECTED BY AN INTERMEDIARY. INDIRECT TAXES ARE LEVIED (IMPOSED OR CHARGED) BY GOVERNMENT
Indirect taxes; Indirect taxation; Indirect Tax
A tax that is levied on expenditures, i.e., a sales tax, excise tax or value added tax.
indirect tax
TAX COLLECTED BY AN INTERMEDIARY. INDIRECT TAXES ARE LEVIED (IMPOSED OR CHARGED) BY GOVERNMENT
Indirect taxes; Indirect taxation; Indirect Tax
(indirect taxes)
N-COUNT
Examples of use of indirect tax
1. But big cuts in indirect tax would be very expensive.
2. The government has fixed indirect tax collection target of about Rs 2,54,528 crore for 2007–08.
3. An oil price increase acts like an indirect tax on the world, reducing demand and increasing prices.
4. Inflation adds the equivalent of an indirect tax to the price of every good or service purchased in the economy.
5. Its second recommendation makes changes for businesses that shift the nation‘s tax system toward indirect tax on consumption.