Direct Tax

Direct Tax is a term that refers to income or property taxation related specifically to the taxpayer (individual or organization). It is levied on the basis of taxpayer’s written tax return to the given tax office.

Direct taxes are:

• Corporate Tax
• Natural Person Income Tax
• Property Tax
• Property Transfer Tax
• Inheritance Tax
• Gift Tax
• Road Tax

Use of direct taxes in practice: for business direct taxes mean especially additional costs associated with the property (its owning and change in ownership) and financial result of the company. Direct taxes also mean an administrative burden associated with tax records and regular tax levy to given tax office.