tax
noun
  1. money taken by the government or by an official body to pay for government services

  2. an amount of money charged by government as part of a person's income or on goods bought

    Usage
    to levy or impose a tax
    to make a tax payable
verb

to make someone pay a tax, to impose a tax on something

Examples
  • Businesses are taxed at 40 per cent.

  • Income is taxed at 35 per cent.

  • Luxury items are heavily taxed.

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net
Schedule B
import levy
foreign tax credit
dispensation
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