sales tax
Sales tax is a government-imposed additional fee levied on the purchase of goods or services, calculated as a percentage of the total transaction value, which is collected by businesses on behalf of the government.
Requires login.
Related Concepts (23)
- county sales tax
- direct sales tax
- e-commerce sales tax
- excise tax
- exclusive sales tax
- export tax
- flat tax
- goods and services tax (gst)
- import tax
- inclusive sales tax
- indirect sales tax
- municipal sales tax
- online marketplace facilitator tax
- progressive sales tax
- regressive sales tax
- retail sales tax
- sales and use tax
- state sales tax
- tax policies
- taxation
- taxation policies
- use tax
- value-added tax (vat)