The phrase "applicable taxes" refers to the taxes that are relevant or suitable in a particular situation. It means the taxes that need to be paid according to the laws and regulations that apply to a specific circumstance. Full definition
Price does not include applicable tax, title, license, processing and / or documentation fees. (stgeorgeford.com)
Depending on the duration of the portfolio and applicable tax rates, different emphasis may be placed on each of the individual factors. (schroders.com)
Disclaimer: You may be entitled to certain applicable tax benefits on your premiums and policy benefits. (maxlifeinsurance.com)