Definition of tax point in English:

tax point

Line breaks: tax point

noun

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.

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Word of the day oleaginous
Pronunciation: ˌəʊlɪˈadʒɪnəs
adjective
rich in, covered with, or producing oil; oily