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Tax is the major source of income of any country. There is a god career as a tax advisor in any country. It needs a good command on the policies of the country and the way of expenditure of people. Sales Tax is the direct tax on consumption that many governments impose on goods and services purchased by the public. Tax depends on the source of income of an individual or state. Income tax is the tax levied by the government on individuals or entities within the limits of taxable income.
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Taxes are imposed on all citizens in all countries to give back to the environment where you have earned to help build the facilities for the entire population and improve the infrastructure for the entire population of a nation. The taxation processes that are created are built to complement the economic policies of the nations to suit their environment.
Government imposes taxes on certain economic activities to gain additional income from it. It also aims at discouraging or encouraging the economic activity by imposing taxes. Every country builds a separate taxation process which complements their economic policies. The major points included in taxation process include:
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