Definition of Tax Rate

Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

Related Indicators

• Total Tax Rate (Business and Personal)
• Tax Revenue
• Taxes On Goods And Services
• Taxes On International Trade
• Policy Interest Rate