Woolworths' tax rate on sold products is always subject to the current tax rate of the nation in which their operation is based. It is to be noted that Woolworth is in 13 countries all over the world.
Woolworths customers will pay Value Added Tax, its employees will pay Personal Income Tax, and the corporation will pay Company Income Tax.
A value-added tax, also known as a goods and services tax in some countries, is a sort of incremental tax. It is applied to the value of a product or service at each stage of manufacture, distribution, or sale to the end user.
A corporate tax, also known as a corporation tax or a business tax, is a direct tax levied on the profits or capital of companies or similar legal organizations. Many nations levy such taxes at the national level, and a comparable tax may be levied at the state or municipal level.
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