What are the different types of taxes and its meaning



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