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Direct taxes are levied directly on individuals or organizations, such as income tax and corporate tax, meaning the taxpayer bears the burden of the tax. Indirect taxes, on the other hand, are imposed on goods and services, like sales tax and value-added tax (VAT), and are collected by intermediaries (like retailers) who then remit the tax to the government. Indirect taxes can be passed on to consumers, making them less visible in the final price of goods or services. Both tax structures play crucial roles in government revenue generation and economic policy.
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
Is wealth tax a direct tax or indirect tax?
direct tax
Is the tax on your house indirect tax or direct tax?
excise taxA+
Is federal income tax direct or indirect?
Federal income tax is a direct tax on income and not an indirect tax. Direct taxes are paid directly to the government.
Is capital gains tax direct or indirect tax?
direct tax
Is toll tax direct OR indirect tax?
Toll tax is a direct tax
Is property tax on your house direct or indirect?
direct tax
Is the tax on food items a direct or indirect tax?
Indirect tax because they are impose on goods and services
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
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
Is a excise duty a direct tax?
No. It is indirect tax.
