Taxes in South Africa are classified according to a number of factors. One of the factors is based on what the specific tax is levied on. Which one of the following is not a basis for the levying of taxes?

Question

Taxes in South Africa are classified according to a number of factors.  One of the factors is based on what the specific tax is levied on. Which one of the following is not a basis for the levying of taxes?

Accepted Answer

Tax levied on proportional income.

Answer

Tax levied on specific transactions,  e.g.  the transfer of fixed property.

Answer

Tax levied on consumption.

Answer

Tax levied on wealth.

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Taxes in South Africa are classified according to a number of factors. One of t...

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