What is indirect taxes?
indirect taxes definition and meaning on Finance terms:
Taxes on production and imports receivable by general government that are compulsory, unrequited payments, in cash or in kind, levied by general government in respect of the production and import of goods and services, the employment of labour, the ownership or use of land, buildings or other assets used in production (ESA 2010 4. 14-4. 29). These taxes are not consolidated. For example, taxes on the use of buildings by government entities should be included in both revenue and expenditure. <