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.
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 is called revenue.
The following are the type of tax levied on differently:
- Custom duty tax.
- VAT.
- Excise duty, etc.