occupation taxes

Occupation taxes are fees imposed by government authorities on individuals or businesses for engaging in certain professions, trades, or businesses within a jurisdiction. These taxes are typically calculated based on factors like the type of occupation, the amount of revenue generated, or the number of employees. The purpose is to generate revenue and ensure regulation compliance. Unlike income or sales taxes, occupation taxes specifically target the act or profession of working or conducting business, helping fund public services and infrastructure related to economic activity.