Difference between Direct and Indirect Taxes?

Shuraatax20 Jun, 2024Finance

Direct taxes are paid directly to the government by individuals and businesses while indirect taxes are levied on goods and services and collected from the end users who consume them. Taxes, being one of the prominent sources of income for the government, are charged in various ways. As per the tax laws of the UAE, every eligible entity is liable to pay the taxes they are applicable to. Hence it is important to know about the difference between Direct and Indirect taxes and their importance in the development of the nation.