TOT
| Definition | : | Transient Occupancy Tax |
| Category | : | Governmental » Rules & Regulations |
| Country/Region | : | Worldwide  |
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| Type | : |
Initialism
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What does TOT mean?
Transient Occupancy Tax (TOT) is a tax imposed by some local jurisdictions on the temporary occupancy of accommodations, such as hotels, motels, vacation rentals, and other lodging establishments.
The purpose of the Transient Occupancy Tax is to generate revenue for the local government from visitors who stay in the area for a short period. The tax is typically a percentage of the room rate charged by the lodging establishment and is collected by the accommodation provider on behalf of the local government.
13 more results for TOT
Frequently Asked Questions
What is the full form of TOT in Taxes?
The full form of TOT is Transient Occupancy Tax
What are the full forms of TOT in Governmental?
Transient Occupancy Tax | Time On Target
What are the full forms of TOT in Worldwide?
Total | Transfer of Technology | Transient Occupancy Tax | Terms of Trade | Tip-Of-the-Tongue | TransObturator Tape | Time of Travel | TurnOver Time | Time On Target | Tears of Themis | TurnOver Time