Introduction
To be a part of any society one should have all the necessary information related to the society and country rules and regulation so that in any matter person requires to do any action it should be legal and person have the information about the terms and condition imposed by the country law related to that transaction. Awareness of the country rules and regulation is compulsory and one should get through it any mean to avoid any kind of problems in future. The knowledge of the tax law of the country in which the person is living is necessary because in every country of the world, the tax is imposed by the government on different transactions taking place in the surroundings and for that one has to make the payment which is compulsory otherwise different charges are imposed on the person who do not make the tax payment to the government.
Detail
The tax law is varying from every country and every country has its own rules related to the imposing of the tax and every citizen receiving certain income is directed to make the payment for the tax that is imposed by the government. Depending on the monthly income of the person, tax is imposed there are different rates through which the government imposes the tax and increasing in income will result in increase in the tax on the income. On buying of different items from the market, person also pays the sales tax to the government which is included in the cost price for the person buying the product and one is paying the tax as well, when one buy and sell different assets like the house, cars etc tax is paid, which is charged by the government as the sales tax and one buying any product will be directed to make the payment for the tax.
Features
Every country rates of the tax is different on every transaction as well because the person is doing numbers of buying and selling transactions and the government of every country is generating the amount for the welfare and development of the country through the tax imposed on the person on transactions related to the cash, through this amount different welfare programs are provided to the general public through the tax amount received by the government and different facilities are provided to the people of the country making the payment of the tax.
Comments
In every country there are different charges and plenty on the person who does not make the payment for the tax to the government as the cash and if the person show irregular behavior in making the tax payment, one may charge against in the court and could be punished by the tax courts and make the prisoner so that one should be punished for not fulfilling the rules and terms of the country designed by the country’s government for the welfare. The tax amount is always used for the benefits of the citizen that’s why the citizen does not have any objection related to the tax payment
