Indirect taxes are a broad category encompassing various types of consumption and sales taxes. These taxes are levied on goods and services, typically at the point of sale, and are ultimately paid by the end consumer. Examples include value-added tax (VAT), goods and services tax (GST), and excise tax. These indirect taxes play a crucial role in generating revenue for governments, and can also impact consumer behavior and economic growth. Understanding the nuances of indirect taxes is essential in navigating the complex world of finance.
