: a charge usually of money imposed by authority on persons or property for public purposes b : a sum levied on members of an organization to defray expenses 2 : a heavy demand tax 2 of 3 verbtaxed; taxing; taxes transitive verb1...
Define Taxes & Levies. All the charges indicated above or elsewhere in the Loan Agreement shall be exclusive of all taxes and statutory levies as may be applicable on same including without limitation service tax and cesses thereon. Borrower Co-Borrower
a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc. Synonyms:levy,impost,duty a burdensome charge, obligation, duty, or demand. verb (used with object) ...
The meaning of SALES TAX is a tax levied on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller.
Note: Taxes are annual or perpetual, direct or indirect, etc. (c) A sum imposed or levied upon the members of a society to defray its expenses. 2. A task exacted from one who is under control; a contribution or service, the rendering of which is imposed upon a subject. 3. A ...
1.impose,charge,tax,collect,gather,demand,exactTaxes should not be levied without the authority of Parliament. Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. 2002 © HarperCollins Publishers 1995, 2002 levy ...
Lease Taxesas defined in Article 4(i) of this Lease) assessed or imposed uponthe Property(collectively, "Taxes"); if, due to a futurechange inthemethod oftaxation, any franchise, income, profit orother tax, however designated, shall be levied or imposed in substitution, in whole or in pa...
Definition of Tax: “Tax is an obligatory contribution (Financial charge) from the Person (individual, company, firm, and others) to the government to meet the expenses incurred in the common interest of Society.” “Tax is imposition financial charge which levied upon a taxpayer by Government ...
Business What is the definition of tax base, and how does it affect the amount of tax levied?Question:What is the definition of tax base, and how does it affect the amount of tax levied?TaxationTaxation is the charging of mandatory levies on individuals or companies ...
Sales tax—Taxes levied on certain goods and services; varies by jurisdiction Property tax—Based on the value of land and property assets Tariff—Taxes on imported goods; imposed with the aim of strengthening domestic businesses Estate tax—Rate applied to thefair market value (FMV)of property ...