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What are the different types of taxes and its meaning


- this is the tax imposed on inibidwal or home-goods

it is the tax levied to raise government funds for the iraq operation. it is imposed to reduce the redundancy of a task or business

Example of this is the sin tax that exists in the philippines.

- imposed to protect the interest of the local economy from foreign competition. The common example of this is the tariff on the imported products of the Philippines. The examples of this is the Withholding Tax deductions in the wages of workers. - This in turn the tax ipinapata in the goods and services that bibibili course of individuals. An example is the VAT this is the kind of tax increases the percent while increasing the income of a idibidwal. An example of this is the Withholding Taxes.