are the taxes that are levied on the income and resources of individuals or organizations Normally they are levied on wealth or income through income tax, corporate tax, capital gains tax, inheritance tax, etc
Current transfers to government from persons, unincorporated businesses, corporations and government business enterprises in the form of taxes on income from employment, property, holding gains or any other source Direct taxes from persons are recorded on a cash basis, and those from corporations and government business enterprises, on an accrual basis