Indirect Tax
/ɪnˈdɪrɛkt tæks/
Definitions
- (n.) A tax collected by an intermediary from the person who bears the ultimate economic burden, such as sales tax or VAT.
The government imposed an indirect tax on luxury goods.
Forms
- indirect taxes
See also
Commentary
Indirect taxes are typically included in the price of goods or services, affecting consumers indirectly rather than being levied directly on income or profits.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.