Definition of tax point in English:

tax point

Line breaks: tax point


The date on which value added tax becomes chargeable on a transaction.
More example sentences
  • An actual tax point can occur when the seller issues a VAT invoice.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day dinkum
Pronunciation: ˈdɪŋkəm
(of an article or person) genuine, honest, true