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Taxes are classified into two types:-
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The direct tax is usually collected through an intermediary and the most popular intermediary is the employer and is collected in the form of income tax.
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Types Of Taxes:
鈥?Income tax- It is chargeable on the income of individuals and companies.
鈥?Estate duty- It is abolished since February 15, 2008.
鈥?Property tax- It is imposed on owners of properties. It is based on the expected rental values of the properties.
鈥?Motor vehicle taxes- These are imposed on motor vehicles other than import duties. These are imposed to curb car ownership and road congestion.
鈥?Custom & Excise duties- The free port has relatively few excise and import duties. This tax is mainly imposed on tobacco Wholesale Nike Air Max 90 2018 , petroleum products and liquors.
鈥?Goods & Services tax
鈥?Betting tax
鈥?Stamp duty
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