tax (week 6) Flashcards
1
Q
what is direct tax?
A
direct taxes are imposed by reference to a taxpayer’s circumstances
2
Q
what is indirect tax?
A
imposed due to the cost of a transaction
Business law and practice > tax (week 6) > Flashcards
what is direct tax?
direct taxes are imposed by reference to a taxpayer’s circumstances
what is indirect tax?
imposed due to the cost of a transaction