Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “specific tax”

specific tax

noun [C or U]
 
 
(also specific duty, specific tariff) TAX
a tax that is given as a fixed rate for each unit of a good or service, rather than based on its value: They agreed to a new specific tax on petroleum products. Imported breakfast cereals in smaller packages are subject to a specific tax rate of 12.6 cents per kilogram.
(Definition of specific tax from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of specific tax?
Add Cambridge dictionaries to your browser to your website

Word of the Day

shadow

an area of darkness, caused by light being blocked by something

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More