Taxation Flashcards
1
Q
Income tax
A
Ta on wages and salaries
2
Q
Pay related Socdial Insurance
A
Insurance paid by empolyers and empolyees that is uesed to fund social welfare payments such as illness, Maternity Benefit
3
Q
VAT
A
Tax addeconto goods at each stage of their producion.This tax is paid b the consumers who buy the finished goods
4
Q
Coropation Tax
A
Tax on company profits
5
Q
Excise duty
A
Tax charged on goods such as alcohol tobbaco
6
Q
Customs duting
A
Tax on goods coming into ireland from countried outside of the EU
7
Q
Local Property Tax
A
Tax on resident properties
8
Q
Capital gains tax
A
Tax on the profts earned from investments
9
Q
Capital Acquisitions tax
A
Tax on gifts and inheritance
10
Q
Stomp duty
A
A tax for registring legal documents
