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Income Tax
Income tax is a tax imposed on individuals or entities based on their earnings or profits. It is a key source of revenue for governments and is used to fund public services and infrastructure.
Value Added Tax (VAT)
Value Added Tax (VAT) is a consumption tax levied on the value added to goods and services at each stage of production or distribution. It is an indirect tax and is ultimately borne by the end consumer.
Excise Duties
Excise duty is a tax imposed on the production or sale of certain goods, typically those considered to be luxury items, harmful to health, or environmentally damaging.
Pay As You Earn (PAYE)
Pay As You Earn (PAYE) tax is a withholding tax system where employers deduct income tax from employees' salaries or wages and remit it to the tax authorities on their behalf.
Withholding Tax
Withholding tax is a tax deducted at the source of income, typically by the payer, and remitted directly to the tax authorities. It is applied to various types of income, including interest, dividends, royalties, and payments to non-resident individuals or entities.
Customs Duties
Customs duties are taxes imposed on goods imported into or exported from a country. They are levied at the point of entry or exit and are designed to protect domestic industries, generate revenue, and regulate trade.