Share this entry

tax point Line breaks: tax point

Definition of tax point in English:

noun

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

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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day doofus
Pronunciation: ˈdo͞ofəs
noun
a stupid person