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Topic: TAX

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tax

1 noun
     
tax1 S1 W1
[uncountable and countable] an amount of money that you must pay to the government according to your income, property, goods etc and that is used to pay for public services
tax on
a tax on fuel
He already pays 40% tax on his income.
the basic rate of tax
direct tax (=tax on income)
indirect tax (=tax on things you buy)
before/after tax
profits before tax of £85.9 m
The total tax burden (=the amount of tax paid) has risen only slightly.
The government has introduced tax incentives (=an offer of cheaper taxes to encourage people to do something) for fuel-efficient cars.
 
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