purchase tax

noun

, British.

1. a sales tax on nonessential and luxury goods.

purchase tax

noun

1. a tax levied on nonessential consumer goods and added to selling prices by retailers

Word History and Origins

Origin of purchase tax¹

First recorded in 1935–40

Example Sentences

In 2016, the Scottish government also gained expanded tax-raising powers, which now include the ability to set income tax rates and bands; business rates; and the property purchase tax formerly known as stamp duty.

From BBC

In June, they extended a purchase tax break on NEVs until 2027.

From Reuters

While the price cuts initially boosted sales, the market's recovery has been losing steam, prompting authorities to roll out more buyer incentives, including purchase tax breaks for EVs.

From Reuters

While the price cuts by Tesla and rivals boosted sales earlier this year in China, those gains have started to slow in recent months, prompting local authorities to roll out more buyer incentives, including purchase tax breaks for EVs.

From Reuters

It also unveiled a 520 billion yuan package of purchase tax break on new-energy vehicles through the end of 2027.

From Reuters