The Difference between Tax - Duty - Levy
* Tax points at income tax, property tax, sales tax, ….
E.g: My income tax is 200,000VND per month.
E.g: My income tax is 200,000VND per month.
The Difference between Tax - Duty - Levy
* Duty points at imports duty. It means that tax on goods purchased from another country.
E.g: There’s a high duty on alcohol
He bought his wife some duty-free perfume
You have to pay duties on that Omega watch you bought from Switzerland.
* Levy is extra money - like taxes - for the government.
E.g: to put a levy on oil imports.
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