Meanings
a tax imposed on the gross revenue of a business, rather than on its net income or profits.
The company had to pay a turnover tax on its total sales for the year.
Synonyms
Antonyms
a tax levied on the total value of goods and services sold by a business, often used as a form of indirect taxation.
Many countries implement a turnover tax to simplify the tax system.
Synonyms
Antonyms
Last updated: 2025/01/11 11:55