specific tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “specific tax” in the English Dictionary

"specific tax" in Business English

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specific taxnoun [C or U]

uk   us   (also specific duty, specific tariff) TAX
a ​tax that is given as a ​fixedrate for each ​unit of a good or ​service, rather than ​based on its ​value: They ​agreed to a new ​specifictax on ​petroleumproducts. Imported breakfast cereals in ​smallerpackages are ​subject to a ​specifictaxrate of 12.6 ​centsperkilogram.
(Definition of specific tax from the Cambridge Business English Dictionary © Cambridge University Press)
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