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 example VAT:

You deduct your input tax from your output tax and pay the difference to Customs & Excise on your VAT return.

(Definition of “output tax” from the Cambridge Business English Dictionary © Cambridge University Press)