How do taxes related to sales or purchases of goods affect businesses and individuals?
Taxes related to sales or purchases of goods affect businesses and individuals by imposing a financial burden on them. These taxes are levied on the transfer, delivery, or supply of goods, which can include transactions such as the sale or purchase of items, the hire-purchase of items, and even the right to use certain goods. Businesses must pay these taxes based on their sales and purchases, while individuals may also be affected by them when they buy or sell goods, making it more expensive for both parties involved in a transaction.