How you can lower your taxes

The government wants to introduce value-added tax (VAT) on insurance services. FILE PHOTO | SHUTTERSTOCK

Death and taxes, the idiom goes, are the only certainties in life. But we would all love to reduce the tax we pay. Thus, it would be helpful to learn some basics about taxes.

Taxes can be classified in various ways, the most common being direct versus indirect taxes. Other classifications are: income tax, transactional taxes, duties and levies. This article focuses on the first classification.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.