by Online Tutorial & Training Guide | Feb 1, 2026 | Taxes & Regulations, Terminologies
A tax on specific goods such as alcohol, fuel, or tobacco. Usually included in the product price. Requires careful compliance and reporting.
by Online Tutorial & Training Guide | Oct 15, 2025 | Taxes & Regulations, Terminologies
An indirect tax charged on goods and services at the point of sale. The business collects it on behalf of the government. Must be reported and remitted regularly.
by Online Tutorial & Training Guide | Sep 9, 2025 | Taxes & Regulations, Terminologies
An expense that reduces taxable income, lowering overall tax liability. Examples include business expenses, charitable donations, and retirement contributions. Encourages certain behaviors through incentives.