what are the different kinds of taxes that a receiver?
Answers
there are 2 types of taxes namely direct taxes and indirect taxes..
the implementation of both the taxes differs.
you pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the indirectly like, sales tax, service tax and value added tax etc..
hope it's helps u..
if u think my answer is correct then mark me as brainlist..
thank u!!
Answer : There are two types of Taxes . DIRECT and INDIRECT taxes .
Explanation:
Direct taxes are paid in entirety by a taxpayer directly to the government . It is also defined as the tax were the liability as well as the burden to pay it resides on the same individual . Direct taxes are collected by the central government as well as the state governments according to the type of tax levied .
Some major types of direct tax are Income tax , Corporate tax , Wealth tax , Gift tax et..
Another one , some major types of indirect tax are Excise duty , Sales tax , Custom duty et..