proportional tax

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Related to Proportional tax rate: proportional taxation

proportional tax

A tax that charges the same percentage of income,regardless of the amount of income;also called a flat-rate tax.

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VAT is calculated by applying proportional tax rates on the tax base for the taxable turnover of goods, services and import:
Ensures fair and proportional tax rates for ISO AMT taxpayers in both "up" and "down" economies;

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