Direct Tax
/ˈdaɪrɛkt tæks/
Definitions
- (n.) A tax imposed directly on an individual or organization, paid straight to the government, such as income tax or property tax.
Income tax is an example of a direct tax levied on personal earnings.
Forms
- direct taxes
Related terms
See also
Commentary
Direct taxes are distinguished from indirect taxes by their point of imposition and payment responsibility, a key consideration in tax law and policy.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.