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Q: What is the meaning of Regulatory Tax?
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Meaning of SRO in sales tax?

SRO in sales tax relates to self-regulatory organizations. These organizations typically use their own sales tax or are exempt from them.


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Statutory means it is required by Law. Regulatory means it is required my regulatory bodies such as the FSA in Great Britain and Northern Ireland.


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Lower tax rates, cheaper labor, and relaxed compliance and regulatory standards are the main reasons.


What is the meaning of service tax?

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