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Posted byAdmin
VAT vs Sales Tax | Sales Tax vs Value Added Tax It is a commonly known fact that for any goods or services purchased a component of tax needs to be paid. Sales tax and VAT (value added tax) are consumption taxes, which are taxes that are charged when a consumer spends on purchasing goods […]
Posted byAndrew
特许权vs VAT For any government to function effectively, it needs revenues to carry on with its responsibilities. These revenues are generated through taxes of various types that are categorised into direct and indirect taxes. While income tax is a direct tax, both excise and VAT are types of indirect taxes and constitute a bulk […]
Posted byAndrew
特许权Duty vs Custom Duty There are many taxes that a local government collects from people running their businesses or doing service in that country. There taxes are collected to meet the expenses incurred by the government in developing infrastructure and providing basic necessities to its citizens. These taxes are of two types direct and […]
Posted byAndrew
Duty vs Tax Any government has many responsibilities to fulfil for the development of the country and its people. For this it needs resources and these resources come from various sources such as taxes and duties. Thus duty and tax are two important sources of revenue for the government. Both tax and duty are not […]