How much do you know about taxes and their facts? Test your knowledge regarding tax regulations with this quiz and see for yourself. Taxes are mandatory contributions that are imposed on individuals or businesses by a government. Taxes are of two types, direct and indirect taxes. The quiz consists of questions mainly related to VAT. If you want to check how much do you know about taxes, play it now and evaluate. Best of luck, buddy!
True
False
Because it independently and usually carries out an economic activity
Because it’s a legal person
Because it's a company.
Because it should give taxes
Corporate taxes
VAT
Individual income tax
Option 4
Income-tax
Sales tax
Customs Duty
It doesn't pay VAT on most of its purchases
It's a charity
Most of its sales are not VATable
The tax team don't submit VAT returns on time
True
False
True
False
True
False
True
False
True
False
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