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Definition of

sales tax


tax on item sold, collected at purchase a tax that is paid on each item sold and is collected when the purchase is made.

Related definitions of "sales tax"

Definitions of ’sales tax’ and meaning of ’sales tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’sales tax’ and other financial terms with our online QFINANCE Financial Dictionary.

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