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 fixed rate for each unit of a good or service, rather than based on its value:

Imported breakfast cereals in smaller packages are subject to a specific tax rate of 12.6 cents per kilogram.

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