Meaning of “surtax” in the English Dictionary


"surtax" in Business English

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surtaxnoun [ U ]

uk /ˈsɜːtæks/ us /ˈsɝː-/

TAX an extra tax on income above a particular high level, or an extra tax on something that is already taxed:

In addition, a 10% surtax applies to certain high-income taxpayers.
He'd prefer to see an increase to the surtax rather than the base tax rate.

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