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What (who) is turnover tax - definition
Turnover tax
SIMILAR TO VAT, WITH THE DIFFERENCE THAT IT TAXES INTERMEDIATE AND POSSIBLY CAPITAL GOODS
Turnover taxes
A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage.
Turnover tax in the Soviet Union
The turnover tax () in the Soviet Union was first introduced during the Soviet tax reform of 1930–1932, soon after the end of the New Economic Policy. It was broadly similar to a value-added tax (VAT), though its specifics were crafted to serve various Soviet economic-planning goals.
Turnover (employment)
CHANGE OR SHIFT IN PERSONNEL CAUSED BY REORGANIZATION, RESIGNATION OR DISCHARGE
Employee turnover; Labour turnover; Labor turnover; Labour Turnover rate; Rate of turnover; Job turnover; Staff turnover; Turnover intention
In the context of human resources, turnover is the act of replacing an employee with a new employee. Partings between organizations and employees may consist of termination, retirement, death, interagency transfers, and resignations.
Examples of use of turnover tax
1. Companies to be registered in the new administration will be determined according to turnover, tax returns and total assets.