specific tax

specific tax
specific tax specific tax tax1

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specific tax UK US noun [C or U] (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: »

They agreed to a new specific tax on petroleum products.

»

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


Financial and business terms. 2012.

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