<owl:Class xmlns="https://folio.openlegalstandard.org/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:v1="http://www.loc.gov/mads/rdf/v1#" xmlns:owl="http://www.w3.org/2002/07/owl#" xmlns:rdf="http://www.w3.org/1999/02/22-rdf-syntax-ns#" xmlns:xsd="http://www.w3.org/2001/XMLSchema#" xmlns:folio="https://folio.openlegalstandard.org/" xmlns:rdfs="http://www.w3.org/2000/01/rdf-schema#" xmlns:skos="http://www.w3.org/2004/02/skos/core#" rdf:about="https://folio.openlegalstandard.org/RLCgcyVpMJC9pO2jdogXYJ">
  <rdfs:subClassOf rdf:resource="https://folio.openlegalstandard.org/R7NkMt6XJKd4fSolKqqOy5B"/>
  <rdfs:label>Turnover and Other General Goods and Services Tax Payment</rdfs:label>
  <skos:altLabel>Multi-Stage Tax Payment</skos:altLabel>
  <skos:altLabel>Turnover and other general taxes on goods and services</skos:altLabel>
  <skos:prefLabel>Multi-Stage Consumption Tax</skos:prefLabel>
  <skos: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.</skos:definition>
</owl:Class>
