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Just as there are different types of tax the form in which tax revenue.
Tax revenue business definition. Tax revenue forms a part of the receipt budget which in turn is part of the annual financial statement of the union budget. Taxes collected from both direct and indirect tax are considered in tax revenue. An inefficient collection of taxes is greater in countries characterized by poverty a large agricultural sector and large amounts of foreign aid. Taxation is the primary source of government revenue.
Tax revenue is the result of the application of a tax rate to a tax base. Revenue may be extracted from sources such as individuals public enterprises trade royalties on natural resources and or foreign aid. Tax revenue is the income gained by the government through taxation. Tax revenue is the income that is gained by governments through taxation.
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