Cima F1 Exam Question No 53

Question No 53:

Taxes commonly used by many countries include:

(i) import duty payable on specific types of imported goods;
(ii) individual income tax, usually deducted at source;
(iii) corporate income tax;
(iv) value added tax.

Which of the above would normally be defined as direct taxation?

A. (i) and (ii)
B. (i) and (iv)
C. (ii) and (iii)
D. (ii) and (iv)

Answer: C