Which of the following is an indirect tax?

Question

Quizplus · Accepted Answer

A value added tax (VAT) is an indirect tax that is levied on goods and services at each stage of production, from raw materials to the final product. It is ultimately paid by the consumer but collected and remitted to the government by businesses in the supply chain. Capital gains tax, income tax, and corporation tax are all direct taxes that are paid by individuals or companies on their income, profits, or gains.

Which of the Following Is an Indirect Tax