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Tax on goods and services, such as Value Added Tax (VAT) or sales tax, is considered an indirect tax because it is collected by intermediaries (like retailers) from the final consumers. The tax is included in the price of the goods or services, meaning that consumers pay it indirectly rather than directly to the government. Unlike direct taxes, which are levied on individual income or profits, indirect taxes can affect consumer behavior and spending patterns.
What else can I help you with?
Is petroleum tax a direct or indirect tax?
it is an indirect tax
Is import duty a direct tax or indirect tax?
indirect tax
What are examples of indirect tax?
One example of indirect tax is Income Tax.
How do you calculate net indirect tax?
net indirect tax = tax - subsidies
Is an example of an indirect tax?
Income tax is a direct tax levied on your earnings. An indirect tax is the tax you pay if you buy something, after all, you don't have to buy the goods and so pay the indirect tax.
Is petroleum tax a direct or indirect tax?
it is an indirect tax
Is import duty a direct tax or indirect tax?
indirect tax
What are examples of indirect tax?
One example of indirect tax is Income Tax.
How do you calculate net indirect tax?
net indirect tax = tax - subsidies
Is the tax on your house indirect tax or direct tax?
excise taxA+
A sales tax on food items is what type of tax?
indirect tax
Is service tax indirect tax?
Indirect tax is a tax that is shifted from one taxpayer to another through an increase in the price of the good. Service tax is an example of an indirect tax because it is collected by an intermediary.
Is an example of an indirect tax?
Income tax is a direct tax levied on your earnings. An indirect tax is the tax you pay if you buy something, after all, you don't have to buy the goods and so pay the indirect tax.
What type tax is a tax on gasoline?
INDIRECT TAX
Is wealth tax a direct tax or indirect tax?
direct tax
Is TDS a Direct Tax or Indirect Tax?
According to me tds is indirect tax because the concept of indirect tax is the tax is implement on that person is not liable to pay tax its burden is transfer to another person and who is liable to pay ta
Is the tax on food items a direct or indirect tax?
Indirect tax because they are impose on goods and services
