Surtax

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Surtax

An additional charge on an item that is already taxed.

A surtax is a tax on a tax. For example, if a person pays one hundred dollars of tax on one thousand dollars of income, a 5 percent surtax would amount to an additional five dollars.

References in periodicals archive ?
The committee has also suggested that any changes be paid for using a combination of passenger surtaxes, existing airline fees and taxes.
For certain products determined to be in situations of ongoing short supply and listed in Schedule 1 of the Remission Order, relief can be granted from surtaxes paid or payable under the United States Surtax Order (Steel and Aluminum) for an indefinite period (for products imported from the U.S.
For certain products determined to be in situations of temporary short supply and listed in Schedule 2 of the Remission Order, relief can be granted from surtaxes paid or payable under the United States Surtax Order (Steel and Aluminum) for a time-limited period (for products imported from the U.S.