Definition: Taxes paid to obtain business and professional licences

SNA 1993

Taxes paid to obtain business and professional licences consist of those taxes paid by enterprises in order to obtain a licence to carry on a particular kind of business or profession; in some circumstances when the payments are not unrequited they should be treated as payments for services rendered.
Source:
United Nations, "System of National Accounts (SNA) 1993", United Nations, New York, 1993, § 7.70
Created:
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