Offline and Sales Tax: Difference between pages

Revision as of 14:20, 23 October 2012

Tax charged on the value of goods and services bought and sold, rather than on net income or profits. For example, VAT.

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+Tax charged on the value of goods and services bought and sold, rather than on net income or profits.
+For example, VAT.
-In the context of payment and settlement systems, this term may refer to the transmission of transfer instructions by users, through such means as voice, written or telefaxed instructions, that must subsequently be input into a transfer processing system.
+== See also ==
+* [[Income Tax]]
+* [[VAT]]
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-The term may also refer to the storage of data by a transfer processing system on media such as a magnetic tape or disk so that the user may not have direct and immediate access to the data.
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-More generally, operating independently of - or disconnected from - another computer or electronic terminal.
-For example, not connected to the internet.
-== See also ==
-* [[Online]]