Question

a)
- Match the following: AS,
i. Excise duty
a) levied on the yearly income of individuals.
ii. Sales tax
b) levied on the yearly profit of companies and business
establishments.
iii. Customs duty c) levied on the production or manufacture of goods
IV. Income tax
d) levied when goods are sold.
v. Corporate tax e) levied on goods brought from abroad​

Answer 1

Answer:

i) Excise duty – (c) levied on the production or manufacture of goods

(ii) Sales tax establishments – (d) levied when goods are sold  

(iii) Custom duty – (e) levied on goods brought from abroad (also sent to abroad, custom duty is for both imports and exports)

(iv) Income tax – (a) levied on the yearly income of individuals

(v) Corporate tax – (b) levied on the yearly profit of companies and business