turnover tax

(redirected from Turnover Taxes)
Also found in: Dictionary, Encyclopedia, Wikipedia.

Turnover Tax

A tax paid on a good during or after its manufacture, rather than when it is sold. It is usually calculated as a percentage of the value of a good.

turnover tax

see VALUE-ADDED TAX.

turnover tax

see SALES TAX.
Mentioned in ?
References in periodicals archive ?
A serious concern and bottleneck on Pakistan's business and entrepreneurship initiatives have been identified by the GITR on Pakistan's policies on the tax regime introduced in 2011, this actually sum of profit tax, labour tax and social contributions, property taxes, turnover taxes, and other taxes, as a share (%) of commercial profits, Pakistan stood 58 this year from 39 last out of 142 economies in the world.
Unfortunately, the provisions in the laws that cover refunds of certain turnover taxes refer only to FIEs.
Under the terms of the agreement, Fritz clients can have immediate access via modem to information such as foreign class numbers, class descriptions, Most Favored Nation duties, preference information, and internal rates for Value Added Taxes and Turnover Taxes.