Differentiate between tax and non tax revenue
Answers
Answered by
0
Explanation:
Difference between Tax Revenue and Non Tax Revenue
Tax revenue is charged on income earned by an individual or an entity (direct tax) and on the value of transaction of goods and services (indirect tax). On the other hand, non-tax revenue is charged against services provided by the government.
Answered by
7
Answer:
Tax revenue is the income that is gained by governments through taxation. Taxation is the primary source of government revenue. Revenue may be extracted from sources such as individuals, public enterprises, trade, royalties on natural resources and/or foreign aid
Non-tax revenue or non-tax receipts are government revenue not generated from taxes. For example - bond issues and profits of state-owned companies.
Similar questions