Tax Holiday
/ˈtæks ˌhɒlɪdeɪ/
Definitions
- (n.) A temporary period during which a government reduces or eliminates taxes to stimulate economic activity.
The government declared a tax holiday to encourage investment in the new technology sector.
Forms
- tax holiday
- tax holidays
Related terms
See also
Commentary
Tax holidays are typically used in economic policy to attract investment or boost consumer spending during specified times, often requiring careful legislative drafting to define scope and duration.
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.