Indirect tax: Difference between revisions
Jump to navigation
Jump to search
(Created page with " == Indirect tax == An indirect tax is collected by one entity in the supply chain, such as a manufacturer or retailer, and paid to the government. However, the tax is p...") |
mNo edit summary |
||
| Line 4: | Line 4: | ||
An [[indirect tax]] is collected by one entity in the supply chain, such as a manufacturer or retailer, and paid to the government. However, the tax is passed onto the consumer by the manufacturer or retailer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product. | An [[indirect tax]] is collected by one entity in the supply chain, such as a manufacturer or retailer, and paid to the government. However, the tax is passed onto the consumer by the manufacturer or retailer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product. | ||
[[Category:Definitions]] | |||
[[Category:Topics]] | |||
Latest revision as of 10:11, 27 November 2023
Indirect tax
An indirect tax is collected by one entity in the supply chain, such as a manufacturer or retailer, and paid to the government. However, the tax is passed onto the consumer by the manufacturer or retailer as part of the purchase price of a good or service. The consumer is ultimately paying the tax by paying more for the product.