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Indirect taxes are taxes that are levied on the consumption of goods and services, rather than on income or profits. They include value-added tax (VAT), sales tax, excise tax, and customs duty, among others. Indirect taxes are usually passed on to the end consumer, increasing the price of goods and services.
Indirect taxes can be regressive, meaning that they disproportionately affect low-income earners, as they tend to consume a higher proportion of their income on goods and services. However, they are also an important source of revenue for governments, which can use the funds to provide public goods and services such as infrastructure, education, and healthcare.
