output tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “output tax” in the English Dictionary

"output tax" in Business English

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output taxnoun [C or U]

uk   us   UK
TAX a ​tax that is ​added to the ​price of ​goods or ​services, for ​exampleVAT: You ​deduct your ​inputtax from your ​outputtax and ​pay the difference to ​Customs & Excise on your ​VATreturn.
(Definition of output tax from the Cambridge Business English Dictionary © Cambridge University Press)
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