What is the difference between "TAX" and "TARIFF"?
7 answers from our tutors
Best answer
Taxes are levied on incomes of individuals or a business but tariffs are levied on importation of goods
Taxes are imposed on the individual or business income whiles tariffs are imposed on the importation of goods.
Taxes are imposed on the taxable income of individuals and corporations, whereas tariffs are imposed on the importation of commodities.
Check your English level for free
Take our quick and free test to find out your current level of English
Start test
Tariffs are levied on the importation of goods, whereas taxes are levied on the taxable income of individuals and businesses.
Tax is imposed by government as a charge for everyone,while tariff is kinda tax on imports /exports items
Tax are compulsory payments levied on goods and corporations which are paid to the government while Tariff is a type of taxed paid on imported goods and services.
Tariffs are levied on the importation of goods, whereas taxes are levied on the taxable income of individuals and businesses.
