Retail Sales Tax

Views Updated: Dec 15, 2025

Key Facts

Abbreviation
RST
Pronunciation
/ˈriˌteɪl seɪlz tæks/
Category
Governmental
Related Field
State & Local

Examples in Context

  1. In many states and some localities, merchandise sold at the retail level is subject to a sales tax.
  2. A jump in retail sales in April and May owed something to the tax rebates first sent out at the end of April.
  3. Most analysts expect retail sales growth to moderate in the coming months, dragged down by falling incomes and a diminishing impact from government incentive programmes, such as subsidies and tax breaks for car and white goods purchases.
  4. In the total retail sales of the country, private economy has got over 60 % instead of less than 4 % before and private economy is already becomes one of the important tax sources in the country.

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