oboloo

oboloo Glossary

Business Expense Taxes

oboloo Glossary

Business Expense Taxes

Business Expense Taxes are taxes that are levied on businesses on the cost of goods or services they use in the course of their operation. These taxes cover a wide variety of expenses, including employee wages, office supplies, rent and utilities, advertising, travel, and entertainment. They are usually charged in addition to other taxes such as income taxes, sales taxes, and payroll taxes. Because they are paid by businesses, they are essential for bringing in revenue to fund public projects and services. While these taxes can be burdensome on businesses, they are necessary to support vital government programs like health care and infrastructure.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971