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Indirect tax insights

What is indirect tax?
Companies selling products and services are responsible for collecting indirect tax from the buyer. The seller later files a tax return and pays these indirect taxes to the government with the tax return. Examples of indirect tax include sales and use tax, value-added tax (VAT), goods and services tax (GST), excise tax, and other types of taxes. The seller is responsible for accurately applying the correct type of tax across all jurisdictions at the time of purchase – and the tax rates change regularly.
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