ICAEW Principles Of Taxation Practice Questions - ICAEW ACA Certificate Level - Principles Of Taxation (Tax Fundamentals) Exam - Variant 2

A direct tax is best described as a tax that is:

Levied directly on the income, profits or gains of a person or company Charged on consumption of goods and services Collected only by local authorities Always paid by a business rather than an individual

Correct Answer:

Levied directly on the income, profits or gains of a person or company

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