Gross receipts tax - Wikipedia
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,
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Gross receipts taxes have a simple structure, taxing all business sales with few or
no deductions. Because they tax transactions, they are often compared to retail ...
for Tax Pros ... Gross Receipts Defined. Gross receipts are the total amounts the
organization received from all sources during its annual accounting period, ...
Dec 22, 2016 ... What is a gross receipts tax; what is taxable; how it's different from VAT tax,
income tax, or franchise tax; states that impose a gross receipts tax.
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 and gross sales both define the total amount of money that your ...
[Gross Receipts Tax] Difference Between Sales Tax & Gross Receipts Tax ...
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 ...
In the case of a commission agent for a related supplier (as defined in § 1.994-1(
a)(3)(ii)), the gross receipts or gross income of such agent shall be determined ...
Definition of gross receipts tax: Business tax levied on the total revenue of some
firms (such as utilities) instead of on the net income.