input tax Meaning in the Cambridge English Dictionary

Meaning of “input tax” in the English Dictionary

"input tax" in Business English

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input taxnoun [C or U]

a ​tax that is ​added to ​goods and ​services that a ​businessbuys to make its own ​goods or ​provide its own ​services: The ​VATtribunalheld that the ​company could ​deduct the ​inputtaxpaid on ​transportationcosts.
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(Definition of input tax from the Cambridge Business English Dictionary © Cambridge University Press)
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