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How does indirect tax differ from corporate income and individual income tax in Asia?
Q&AIndirect tax adds to the price of a product which makes the consumer indirectly pay the rate of taxation. For corporate and individual income tax, a business or individual has to pay the necessary amount directly to the government.
Also, the indirect tax rate does not vary according to an individual's income or the size of a corporation's profits whereas for individual income and corporate income tax it does.
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