transaction tax + definition
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- Noun. 1. transfer tax-any tax levied on the passing of title to property. revenue enhancement, tax, taxation-charge against a citizen's person or property or activity for the support of government. death duty, death tax, estate tax, inheritance tax-a tax on the estate of the deceased person.
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- Definition of 'Securities Transaction Tax'. Tweet. STT is a kind of turnover tax where the investor has to pay a small tax on the total consideration paid or received in a share transaction. Definition:  Description: STT was introduced in the Budget of 2004 and implemented in Oct 2004.
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The World Law Dictionary Project flow-through taxation noun. a characteristic of some forms of business under which the business entity does not pay taxes on incomeThe partnership structure is more informal and flexible and offers flow-through taxation so that the partners, not the partnership, are taxed on income.
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Excise Tax Excise Tax. Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel. 2014 Fuel Tax Credit Extenders.
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Tax A tax (from the Latin taxo; rate) is a financial charge or other levy imposed upon a taxpayer (an individual or legal entity) by a state or the functional equivalent of a state to fund various public expenditures.A failure to pay, or evasion of or resistance to taxation, is usually punishable by law. poll tax, also called a per capita tax, or capitation tax, is a tax that levies a set amount per individual. It is an example of the concept of fixed tax. One of the earliest taxes mentioned in the Bible of a half-shekel per annum from each adult Jew (Ex. 30:11–16) was a form of poll tax.
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What is value added tax? What is the difference between VAT and sales tax? Difference between VAT and Sales Tax: Sales tax is retail only. Value-Added tax is a tax at every step of the inventory process, like you are taxed at every step from manufacturer to distributor to warehouse to retailer to customer. For more information, visit Sales Tax/VAT/CST .
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ROLLBACK TRANSACTION (Transact-SQL) transaction_name. Is the name assigned to the transaction on BEGIN TRANSACTION. transaction_name must conform to the rules for identifiers, but only the first 32 characters of the transaction name are used. When nesting transactions, transaction_name must be the name from the outermost BEGIN TRANSACTION statement.
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Tax A property tax (or millage tax) is an ad valorem tax levy on the value of property that the owner of the property is required to pay to a government in which the property is situated. Multiple jurisdictions may tax the same property.
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Excise Tax Noun. 1  A tax on certain things that are made, sold, or used within a country. 2  A tax, similar to a sales tax, imposed on some goods, especially luxuries and cars.
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Sales tax An aspect of fiscal policy. A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow (or require) the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
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Transaction Privilege (Sales) and Use Tax Transaction Privilege (Sales) and Use Tax. Similar to other cities in Arizona and the state of Arizona, Phoenix imposes a transaction privilege (sales) tax on certain business activities. The city tax is in addition to the tax imposed by the state. While the city rate varies by business activity, it is two and three tenths percent (2.3%) on most activities. A business engaged in taxable activity will need to obtain a transaction privilege (sales) tax license to report their Phoenix transaction privilege tax (TPT) liability.
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stamp tax Also found in: Dictionary, Thesaurus, Legal, Financial, Wikipedia. stamp tax, method of collecting duties on certain transactions by means of a validating stamp attached to the taxable instrument, which may be a judicial act, a commercial document, a transfer of property, or law proceedings.
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Sales & Use Taxes Definitions. The term “sales tax” actually refers to several tax acts. Sales tax is a combination of “occupation” taxes that are imposed on sellers’ receipts and “use” taxes that are imposed on amounts paid by purchasers. Sellers owe the occupation tax to the department; they reimburse themselves for this liability by collecting use tax from the buyers.
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Tax A tax (from the Latin taxo) is a mandatory financial charge or some other type of levy imposed upon a taxpayer (an individual or a legal entity) by a state or the functional equivalent of a state in order to fund various public expenditures. A failure to pay, or evasion of or resistance to taxation, is punishable by law.
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- transaction. noun trans·ac·tion \tran-ˈzak-shən, tran(t)-ˈsak-\. Tweet. : a business deal: an occurrence in which goods, services, or money are passed from one person, account, etc., to another. : the act or process of doing business with another person, company, etc. : the act or process of transacting business.. a: an act, process, or instance of transacting b: a communicative action or activity involving two parties or things that reciprocally affect or influence each other. — trans·ac·tion·al \-shnəl, -shə-nəl\ adjective. See transaction defined for English-language learners. See transaction defined for kids.
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Transfer pricing Transfer pricing. In taxation and accounting, transfer pricing refers to the rules and methods for pricing transactions between enterprises under common ownership or control.
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- Tax basis. Definition: In the context of finance, the original cost of an asset less depreciation that is used to determine gains or losses for tax purposes. In the context of investments, the price of a stock or bond plus the broker's commission. Nearby Terms. Tax avoidance Tax base Tax basis Tax books Tax bracket.
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- DEFINITION of 'Transaction'. 1. An agreement between a buyer and a seller to exchange goods, services or financial instruments.2. In accounting, the events that affect the finances of a business and must be recorded on the books.Transactions are recorded in what are known as journal entries..n agreement between a buyer and a seller to exchange goods, services or financial instruments. 2. In accounting, the events that affect the finances of a business and must be recorded on the books. Transactions are recorded in what are known as journal entries..
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Tax Services Transaction Tax. Every transaction has tax implications, whether it's an acquisition, disposal, refinancing, restructuring or initial public offering. Understanding and planning for these implications can mitigate transaction risk, enhance opportunity and provide crucial negotiation insights. Our Transaction Tax services comprise a worldwide network of professional advisors who can help you do just that.
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Resource Center A sales tax is a tax levied on the sale of goods and services. Very often you pay sales tax when you purchase something. There are three different types of sales tax: the vendor tax, the consumer tax, and the combination vendor-consumer tax.
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- Loading the player... Transaction costs are expenses incurred when buying or selling a good or service. Transaction costs represent the labor required to bring a good or service to market, giving rise to entire industries dedicated to facilitating exchanges.
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- Transfer taxes are any type of tax charged when the title of a property changes hands. For types of property that require a legal title (like real estate, bonds, or stocks) there is usually a surcharge by the state or local government to process the change.
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Viral Gastroenteritis People may be infected with viruses by. 1  touching contaminated surfaces or objects and then touching their mouths. 2  sharing food, drink, or eating utensils with infected people. 3  eating foods that are contaminated with the virus, such as oysters from contaminated waters. 4  swallowing airborne particles that contain viruses.
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Real Property Transfer Tax (7551) A tax is imposed upon the privilege of transferring title to, or beneficial interest in, real property located in the city, whether or not the agreement or contract providing for the transfer is entered into the city.
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Property tax Property tax. For other uses, see Wealth tax. A property tax (or millage tax) is a levy on the value of a property. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality. Multiple jurisdictions may tax the same property.
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Sales tax A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax. Often laws provide for the exemption of certain goods or services from sales and use tax.