A report on Tax, Sales tax and Indirect tax
A sales tax is a tax paid to a governing body for the sales of certain goods and services.- Sales tax
An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST), excise, consumption tax, tariff) is a tax that is levied upon goods and services before they reach the customer who ultimately pays the indirect tax as a part of market price of the good or service purchased.- Indirect tax
Taxes consist of direct or indirect taxes and may be paid in money or as its labour equivalent.- Tax
Countries or subunits often also impose wealth taxes, inheritance taxes, estate taxes, gift taxes, property taxes, sales taxes, use taxes, payroll taxes, duties and/or tariffs.- Tax
Turnover tax, similar to a sales tax, but applied to intermediate and possibly capital goods as an indirect tax.- Sales tax
1 related topic with Alpha
Value-added tax0 links
A value-added tax (VAT), known in some countries as a goods and services tax (GST), is a type of tax that is assessed incrementally.
It is similar to, and is often compared with, a sales tax.
Like other countries' sales and VAT, it is an indirect tax.