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26 July, 09:21

What is the difference between indirect and direct taxation

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  1. 26 July, 09:34
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    Answer / Explanation:

    Indirect Taxation: contrasting them with direct taxes. Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person. The body that collects the tax will then remit it to the government.

    Direct Taxation: paid directly by an individual or organization to the imposing entity + the opposite of an indirect tax, where the tax is levied on one entity, such as a seller, and paid by another, such as a sales tax paid by the buyer in a retail setting.
  2. 26 July, 10:33
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    Answer: Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.
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