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English definition of “income tax”

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income tax

noun [C or U]
 
 
TAX a tax on the money that a person earns from working or that a company earns from the sale of products or services: business/corporate/personal income taxavoid/evade/pay income tax Several tax evaders got away with no penalties by agreeing to pay income tax for previous years.put up/increase/raise income tax Congress is highly unlikely to raise income tax in an election year. to cut/reduce/lower income tax The Chancellor proposed a 1p cut in the basic rate of income tax.
→  See also corporate income tax , federal income tax , individual income tax , negative income tax , personal income tax , state income tax
Translations of “income tax”
in Korean 소득세…
in Arabic ضَريبة الدَّخْل…
in Portuguese imposto de renda…
in Catalan impost sobre la renda…
in Japanese 所得税…
in Italian imposta sul reddito…
in Chinese (Traditional) (個人)所得稅…
in Russian подоходный налог…
in Turkish gelir vergisi…
in Chinese (Simplified) (个人)所得税…
in Polish podatek dochodowy…
(Definition of income tax from the Cambridge Business English Dictionary © Cambridge University Press)
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