34 Social -- Revenue and Tax Collection

What may be the consequences if the citizens don't pay their income taxes in the right manner? Write any four such consequences.

1 Answers

The consequences if the citizens don't pay their income tax in right manner are:
- Decrease of revenue of the govt.
- Economic crisis may occur.
- Govt. and governmental functions cannot run properly.
- No developmental activities are possible.
- Economic condition of the country will be weaker and weaker.
- The country cannot compute in the international market.

Tax and revenue are interrelated." Justify.

Tax is the money charged by the government to every citizenand revenue is the total money that the government earnsfrom various source. Tax is the main source of revenue.

List down the types of tax.

The type of tax are:
-Directtax.
-Indirect tax.

How does a tax play a significant role in development of a country?

All the tax paid the citizens and others are collectedby the government and changed to a capital forconducting various developmental works. Therefore, taxplays significant role in development of a country.

Define tax and revenue.

A fee charged by a government on aproduct, incomeor activity is called tax.
The money that the governmentearns fromvarious sources is called revenues.

What is royalty?

Royalty is a payment made to a writers, people whohave invented things, owners of property, etc. everytimetheir books,devices, land, etc.are bought on use byothers.

Describe about the tax and revenue system of Nepal. Also include the percentage of tax levied on different items.

A government earns money from various sources. This income iscalled revenue.
The following are the type oftax levied on differently:
-Custom duty tax.
-VAT.
-Excise duty, etc.

Do you think levying high tax on liquors keep people away from alcoholism? Why do you think so?

Yes, I think levying high tax on liquors helps to keeppeople away from alcoholism. The higher the tax isleviedon liquors, the more the price of it increases.As a result, not many peoplewill be able to affordthe liquors. Therefore, the people who cannotaffordthe liquors stop drinking alcohol. Finally, therate of alcoholismwill be decreased. Hence levyinghigh tax on liquors keep people away fromalcoholism.

What is Malpot? You might have noticed that when people have got some work done at Malpot or any other govt. offices, It takes almost a whole day even if the work very small. What can be done to sp...

Landrevenueoffice that deals with the taxes, mapsand so on of land is known as Malpot.
Following things could be done to speed up the working pace of govt.al organizations:
-Increasing the number of offices indifferent parts of the country and stafforofficers in the offices.
-Implement some rules and regulations for theofficers to work for the citizens.
-Awarethe citizens about their rights to gettheir work done in time.
-Good governance.

Yes, it is sometime because of the workers...

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