tax rebate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax rebate” in the English Dictionary

"tax rebate" in Business English

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tax rebatenoun [C]

uk   us   TAX, FINANCE
an ​amount of ​money that is ​paid back to you if you have ​paid too much ​tax: More than 2 million ​taxpayers will receive ​checkstotaling $1 ​billion because of the ​federaltaxrebateprogram.
a ​reduction in the ​amount of ​tax that has to be ​paid on something: They are ​negotiating a ​propertytaxrebate for elderly home-owners.
(Definition of tax rebate from the Cambridge Business English Dictionary © Cambridge University Press)
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“tax rebate” in Business English

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