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Indirect Tax
(redirected from Indirect taxation)

   Also found in: Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
indirect tax
A tax paid by an entity other than the one on which it is levied. For example, a retail sales tax is collected and remitted to the government by a business even though the tax is ultimately paid by the consumers. Compare direct tax.

Indirect Tax
A tax that is shifted to another person or entity. For example, sales taxes are levied on a seller but are paid by buyers; that is, the government expects sellers to pay the sales tax, but they pass the cost on to their customers. An indirect tax differs from a direct tax like a tax on income or assets, which the person or organization on whom they are levied must pay directly. There is disagreement as to whether a corporate tax is a direct tax or indirect tax.


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Bernard on October 10, 2006, to Alexander Wiedow, Director of Indirect Taxation and Tax Administration of the European Commission.
Targeted to those professionals involved with Indirect taxation, the Journal "tells you the facts, your obligations and how you can comply.
The design of tax structure: Direct versus indirect taxation.
 
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