A direct tax is a tax …
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Meghna Thapar 4 years, 10 months ago
Direct taxes include income tax, property tax, corporate tax, estate tax, gift tax, value-added tax (VAT), sin tax, and taxes on assets. There are also indirect taxes, such as sales taxes, where a tax is levied on the seller but paid by the buyer. Examples of indirect taxes are excise tax, VAT, and service tax. Examples of direct taxes are income tax, personal property tax, real property tax, and corporate tax. Indirect taxes are those applied on the manufacture or sale of goods and services. These are initially paid to the government by an intermediary, who then adds the amount of tax paid to value of the goods / services and passes on the total amount to the end user. Examples : Sales tax, service tax, excise duty.
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