Corporate Tax Concept Corporate tax is one of the key financial tools used by governments to generate revenue by imposing taxes on the profits made by business entities. The...
Corporate tax is one of the important financial tools used by governments to generate revenue by imposing taxes on the profits earned by business entities. The significance of corporate tax is reflected in its role as a major source of public funding,
Introduction to Value-Added Tax (VAT)
Value-Added Tax (VAT) is one of the most important government financing tools worldwide. This tax serves as a mechanism for funding government budgets by imposing charges on the added value of goods and services at each stage of production or distribution. VAT is collected incrementally throughout the supply chain but is ultimately borne by the end consumer, making it a significant source of revenue for many governments.