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 »
Nov 6, 2012 ... for Tax Pros ... Gross Receipts Defined. Gross receipts are the total amounts the
organization received from all sources during its annual ...
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 »
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. 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.
Definition of gross receipts tax: Business tax levied on the total revenue of some
firms (such as utilities) instead of on the net income.
Definition of gross receipts: Total revenue (including interest and rents) before ...
from the sales of fixed assets and withholding taxes collected from the employees
income taxes with Depression-era gross receipts taxes. • Gross receipts taxes are
...... rected without abandoning the very definition of “gross receipts tax,” they ...