Sales Tax: Difference between revisions

Revision as of 02:39, 15 July 2021

Tax and treasury - indirect tax.

A tax collected by retailers - and remitted to the tax authorities - based on the retail sale price charged to final customers.

@@ Line 1: / Line 1: @@
-''Tax and treasury.''
+''Tax and treasury - indirect tax.''
-Tax charged on the value of goods and services bought and sold, rather than on net income or profits.
+A tax collected by retailers - and remitted to the tax authorities - based on the retail sale price charged to final customers.
-For example, VAT.
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 * [[Tax]]
 * [[TVA]]
-* [[VAT]]
+* [[Value added tax]]
 [[Category:Accounting,_tax_and_regulation]]