Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “purchase tax”

purchase tax

noun [C or U]     COMMERCE, TAX
a tax that is added to the price of something that people buy , but not to the price of basic goods : In the UK VAT was introduced in 1973, replacing purchase tax . → Compare sales tax, value-added tax
(Definition of purchase tax noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of purchase tax

Word of the Day

cookery

the skill or activity of preparing and cooking food

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More