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• Taxes on economic transactions, such as the sale of goods and services. These can be based on a set of percentages of the sales value (ad valorem-sales taxes), or they can be a set amount on physical quantities ("per unit"-gasoline taxes).

  Internal Revenue Service - Cite This Source - This Definition
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  Cite Definition for transaction taxes

  American Psychological Association (APA)

  transaction taxes. (n.d.). Understanding Taxes Student Glossary. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/transaction-taxes.

  Chicago Manual of Style (CMS)

  transaction taxes. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/transaction-taxes (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "transaction taxes." Understanding Taxes Student Glossary. Internal Revenue Service. 1 April. 2023 http://www.expertglossary.com/definition/transaction-taxes.

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