exemption - Definition from the TAX topic - POLITICS

Topic: TAX

exemption
noun

ex‧emp‧tion See pronunciation table in "How to use dictionary" pages

See pronunciation table in "How to use dictionary" pages

1PET [countable] an amount of money that you do not have to pay tax on:

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You qualify for a tax exemption on the loan.

2 [uncountable and countable] permission not to do or pay something that you would normally have to do or pay

exemption from

Look up a word starting with D or S for samples of headword or sentence pronunciations on the LDOCE CD-ROM

exemption from customs duties

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The commission granted temporary exemptions.

Definition of exemption from the Longman Dictionary of Contemporary English within
the topic TAX

Explore TAX Topic

allowance bonded warehouse capital gains tax capitation car tax chargeable death duties declare direct tax dutiable duty duty-free(a) duty-free(n) estate tax excise exemption fiscal year income tax indirect tax inheritance tax inspector of taxes Internal Revenue Service levy(v) levy(n) overtax payroll tax personal allowance poll tax progressive tax ratepayer rebate regressive tax return revenue sales tax stamp stamp duty surtax tariff tax(n) tax(v) taxation tax avoidance tax bracket tax break tax-deductible tax-deferred tax disc tax dodge tax evasion tax exempt tax haven tax inspector taxman taxpayer tax relief tax return tax shelter tax year tithe user fee value-added tax VAT withholding tax

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