purchase tax Meaning in the Cambridge English Dictionary
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Meaning of “purchase tax” in the English Dictionary

"purchase tax" in Business English

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purchase taxnoun [C or U]

uk   us   COMMERCE, TAX
a ​tax that is ​added to the ​price of something that ​peoplebuy, but not to the ​price of basic ​goods: In the UK ​VAT was ​introduced in 1973, ​replacingpurchasetax.
(Definition of purchase tax from the Cambridge Business English Dictionary © Cambridge University Press)
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