Definition of purchase tax in English:

Share this entry

purchase tax

noun

A tax added to the price of goods sold to consumers: car tax was an additional purchase tax that has since been abolished
More example sentences
  • ‘The Irish government has doggedly held on to a car purchase tax, even though excise duty on cars was abolished as far back as 1992,’ he said.
  • The purchase tax is tiered from 9 to 13 per cent.
  • As for the touted benefits for the consumer and businesses, credit cards can truly be regarded as an additional purchase tax and, ipso facto, a huge drain on the economy.

For editors and proofreaders

Line breaks: pur|chase tax

Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.