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Knowing the difference between direct and indirect costs is important for pricing, taxes, and financial health. See how these expenses differ and why it matters.
Indirect taxes, on the other hand, such as sales tax and excise taxes, are levied on the sale of goods and services,” said Shirshikov. Sales and gas taxes are good examples of indirect taxes.
Direct tax, as the name suggests, is the tax paid directly to the government by the taxpayer. Indirect taxes are non-income-based taxes that place a burden on the end consumer.