Multi-Stage Consumption Tax

Turnover and Other General Goods and Services Tax Payment - Turnover and Other General Goods and Services Tax Payment refers to multi-stage cumulative taxes and taxes where elements of consumption taxes are combined with multistage taxes. These taxes are levied each time a transaction takes place, without deduction for taxes paid on inputs. Multi-stage taxes can incorporate elements of value-added or sales taxes, leading to taxation at multiple points in the supply chain.

Class Information

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Identification

Label (rdfs)
Turnover and Other General Goods and Services Tax Payment
Preferred Label
Multi-Stage Consumption Tax
Alternative Labels
Multi-Stage Tax Payment, Turnover and other general taxes on goods and services
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Definition and Examples

Definition
Turnover and Other General Goods and Services Tax Payment refers to multi-stage cumulative taxes and taxes where elements of consumption taxes are combined with multistage taxes. These taxes are levied each time a transaction takes place, without deduction for taxes paid on inputs. Multi-stage taxes can incorporate elements of value-added or sales taxes, leading to taxation at multiple points in the supply chain.
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Additional Information

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Deprecated
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