An Indirect Tax is the type of taxes on products, levied on goods and services rather than on income or profits that can be passed to other organisation by increasing the prices of the goods or services. (e.g., customs duty, VAT, etc.)
Reference Definition by OECD: As traditionally understood, indirect taxes are taxes that supposedly can be passed on, in whole or in part, to other institutional units by increasing the prices of the goods or services sold. (e.g., taxes on products)
Related Definitions in the Project: The Project Cost; Commercial Definitions
