FOLIO Ontology

tax_on_tax

IRI:
https://folio.openlegalstandard.org/R7InIIPkEsFj4mgSQmzIKyW
Preferred Label N/A
Alternative Labels

None

Definition

"""Tax-on-Tax"" is a situation where one or more taxes in a tax jurisdiction are based on the sum of the corresponding invoice line item totals AND any other tax amount previously applied to those line item totals. For example, formerly n both Quebec and Prince Edward Island Canada had specific taxes calculated on the sum of the line items plus the federal tax paid on those line items. "

Class Relationships

Parent(s)

Is Defined By

N/A

See Also

None

Children 0

  • None

Class Hierarchy Visualization

Interactive graph showing class relationships - click on any node to navigate to that class

Additional Information

Metadata

Comment

None

Description

None

Notes

  • None

Editorial Information

History Note

None

Editorial Note

None

Identifier

N/A

Deprecated

No

Source and Origin

No source or origin information available