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One example of indirect tax is Income Tax.

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14y ago

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What are the examples of direct tax and indirect taxes?

...not sure but an direct tax is when you are taxed right then and there and you know about it ...a indirect tax is when you are taxed later on and don't know about it


Is petroleum tax a direct or indirect tax?

it is an indirect tax


What type of tax is a sale tax?

Citizens of a country are charged certain levies indirectly, commonly known as indirect taxes. These are the taxes payable on an activity or a commodity. Some common examples of indirect taxes are sales tax and excise tax.


Is import duty a direct tax or indirect tax?

indirect 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


What type of taxes is a sales tax?

Study island: It is a regressive tax. Citizens of a country are charged certain levies indirectly, commonly known as indirect taxes. These are the taxes payable on an activity or a commodity. Some common examples of indirect taxes are sales tax and excise 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.


Is the tax on food items a direct or indirect tax?

Indirect tax because they are impose on goods and services


What do you mean by direct tax and indirect tax give suitable examples also?

A direct tax is tax paid directly to the Government, by a person whom the tax is imposed on. An indirect tax is paid indirectly to the Government, trough a third party.A direct tax would be taxes like income taxes, where a person must personally pay a certain amount to the government. Indirect taxes are taxes such as property, social security, and sales tax, where there price of tax is either deducted from wages or added onto the payment of an item. The indirect taxes are paid the Government by the business that collects the tax.