Indirect Tax Flashcards
1
Q
What are examples of ad valorem tax
A
VAT (20%)
2
Q
What are examples of specific tax
A
Excise duty:
-cigarettes
-alcohol
-fuel
-tobacco
Carbon tax (reduces carbon emissions)
What are examples of ad valorem tax
VAT (20%)
What are examples of specific tax
Excise duty:
-cigarettes
-alcohol
-fuel
-tobacco
Carbon tax (reduces carbon emissions)