consumption tax

American  

noun

1. a tax, as a sales tax, levied on consumer goods or services at the time of sale.

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Etymology

Origin of consumption tax

First recorded in 1900–05

Example Sentences

That alternative would include replacing tariffs with a destination-based consumption tax and move toward a skills-based immigration system, the fund said in a report Wednesday.

From The Wall Street Journal • Feb. 26, 2026

In Japan, Prime Minister Sanae Takaichi’s recent spending package of 21.3 trillion yen, equivalent to $136 billion, came with a high-profile proposal to cut the consumption tax, which could spur Japanese imports.

From The Wall Street Journal • Feb. 23, 2026

“Authorities intend to ensure that no additional bonds will be issued to fund the two-year food consumption tax reductions,” said Min Joo Kang, South Korea and Japan economist at ING.

From Barron's • Feb. 9, 2026

Last month, yields on long-term Japanese bonds hit record highs after Takaichi pledged to exempt food from an eight-percent consumption tax to ease the pain of inflation on households.

From Barron's • Feb. 5, 2026

The government introduced a 5% tax on electricity and telephones and doubled the general consumption tax, which caused a small rise in the inflation rate.

From The 1998 CIA World Factbook by United States. Central Intelligence Agency