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Home > QFINANCE Dictionary > Definition of Goods and Services Tax

Definition of

Goods and Services Tax

  • 1.

    Australian tax on goods and services in Australia, a government-imposed consumption tax of 10% introduced on July 1, 2000, added to the retail cost of goods and services

  • 2.

    Canadian national tax on goods and services in Canada, a national value-added tax levied by the federal government on goods and services. In some provinces it is charged alongside Provincial Sales Tax or combined with this as Harmonized Sales Tax.

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Definitions of ’Goods and Services Tax’ and meaning of ’Goods and Services Tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’Goods and Services Tax’ and other financial terms with our online QFINANCE Financial Dictionary.

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