specific tax

specific tax

a TAX which is levied at a fixed rate per physical unit of output. Compare AD VALOREM TAX.

specific tax

a TAX that is levied at a fixed rate per physical unit of output. See AD VALOREM TAX, VALUE-ADDED TAX.
References in periodicals archive ?
1, 2024 onwards, the specific tax rate on tobacco products will be increased by 4 percent yearly, under the TRAIN Law.
Investors are advised to consult a legal or tax professional about the specific tax treatment of the Company's 2017 distributions.
Learn how state taxes apply to these --and many other types of businesses--by using industry specific tax guides created by the Washington State Department of Revenue (Revenue).
The new timetable for the increase would see a more abrupt increase in the specific tax (BGN 101 per 1000 pcs as of January 2017) and a lower ad valorem excise duty (27% as of the same time), with a minimum threshold of BGN 168.
Specific tax years (Part 4) are missing or incorrect.
Prime Minister David Cameron appeared to signal a change of heart on the issue last month when he suggested a specific tax could be needed to tackle the obesity "crisis" among young people.
For tax abatements of other governments that reduce a government's revenues, a government once again may provide the required disclosure by individual agreement, in the aggregate, or using some combination of both, this time organized by government and by specific tax rebated.
El Salvador's private sector has proposed creating development zones with specific tax laws and tax free status in order to encourage local and foreign investment, reports Lapagina.
ClickPress, Mon Jul 14 2014] Every year in January, specific tax rates on tobacco are adjusted for movements in the Consumer Price Index (CPI).
On Tuesday, they objected to a specific tax on responsible consumers of a legal product in order to pay for the rehabilitation of irresponsible consumers of that product.
Danielle Harrison, 21, from Stockton: "I didn't even know that specific tax existed, but I don't think it is a lot anyway.
TIGA's proposals address the key challenges our industry faces - from skill shortages and the lack of appropriately qualified graduates, through to specific tax, fiscal and monetary policies, encouraging investment in new IP, research and development, workforce development, education, business support, combating piracy and the UK classification system.

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