Which one is not an indirect tax?

Key Points

• Property tax is a direct tax imposed on the ownership of property, such as land, buildings, and houses.
• It is paid directly to the government by the property owner and cannot be shifted to another party.
• Direct taxes are levied directly on an individual or entity and are not passed on to others.
• Examples of direct taxes include income tax, corporate tax, and property tax.

Important Points

• Indirect taxes are those that can be passed on to others, such as the consumer, and are typically levied on goods and services.
• Examples of indirect taxes include excise duty, customs duty, and sales tax.

Additional Information

• Excise Duty: Excise duty is an indirect tax imposed on the production or manufacture of goods within a country. It is typically paid by the manufacturer but is passed on to the consumer as part of the product's price.
• Sales Tax: Sales tax is an indirect tax levied on the sale of goods and services. It is collected by the seller from the buyer and remitted to the government.
• Customs Duty: Customs duty is an indirect tax imposed on goods imported into or exported from a country. It is paid by the importer or exporter but is often included in the final price paid by consumers.