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Gross receipts tax
A gross receipts tax or gross excise tax is a tax on the total gross revenues of a company, regardless of their source. A gross receipts tax is similar to a sales tax,  ... More »

Gross Receipts Defined


Nov 6, 2012 ... for Tax Pros ... Gross Receipts Defined. Gross receipts are the total amounts the organization received from all sources during its annual ...

Difference Between Sales Tax & Gross Receipts Tax | Chron.com


If you charge your customers sales tax, your income is not affected by passing the amount to the state. The gross receipts tax, on the other hand, is based on ...

A gross receipts tax is a state tax on the gross receipts (sales) of a business; usually a state will impose a gross receipts tax instead of a corporate income tax. Some states allow some deductions from the gross receipts tax and some types of businesses may be exempt... More »
By Jean Murray, About.com Guide

Gross Receipts Definition | Investopedia


A tax term relating to the total business revenue from services provided that must be reported for the fiscal period. Gross receipts do not account for sales returns ...

Gross Receipts - South Dakota Department of Revenue


Gross Receipts. Gross receipts as defined in SDCL 10-45-1, means the total ... taxes imposed on the retailer, and any other expense of the retailer; and. 3.

What is gross receipts tax? definition and meaning


Definition of gross receipts tax: Business tax levied on the total revenue of some firms (such as utilities) instead of on the net income.

What are gross receipts? definition and meaning


Definition of gross receipts: Total revenue (including interest and rents) before ... from the sales of fixed assets and withholding taxes collected from the employees .

The Economic Consequences of Gross Receipts ... - Tax Foundation


income taxes with Depression-era gross receipts taxes. • Gross receipts taxes are ...... rected without abandoning the very definition of “gross receipts tax,” they ...

Popular Q&A
Q: What Is a Texas Gross Receipt Tax?
A: Utilities. Utility companies must pay a miscellaneous gross receipt tax if they are located in incorporated cities and towns with populations of 1,000 or more. ... Read More »
Source: www.ehow.com
Q: How to Calculate Gross Receipts Tax.
A: 1. Calculate the total of the gross receipts tax on an individual sale. For example, Mr. Smith purchased $100 worth of groceries. Look up the tax rate for the s... Read More »
Source: www.ehow.com
Q: What are gross receipts taxes?
A: They are a tax on the total gross revenues of a company, regardless of their source. A Read More »
Source: www.chacha.com
Q: What is the gross receipts tax?
A: when you are in retail, you have your receipts, perhaps your cash register or however you keep track of your receipts, reports a total, that might include sales... Read More »
Source: answers.yahoo.com
Q: What is a "statutory gross receipts tax"
A: I think that it would help immensely if you could re-post this question and give some indication as to what state you live in as tax laws vary a great deal from... Read More »
Source: answers.yahoo.com