indirect tax definition

  • noun:
    • A tax, such a sales income tax or value-added income tax, that is levied on products or solutions in place of individuals and it is eventually paid by consumers by means of higher rates.
    • a tax levied on items or solutions in place of on individuals or organizations
  • adjective:
    • a tax, eg traditions, excises, etc., exacted right from merchant, but paid ultimately by the customer when you look at the greater cost demanded for articles of merchandise.

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  • Hyponym for "indirect tax"
  • Hypernym for "indirect tax"
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