Investor Presentaiton
Difference between Taxation and IGR Contd.
A charge usually of money imposed on persons or
An amount paid to government that is based on your income or other cost of goods
or services you have bought.
An amount of money that you pay to the government so that it can pay for public
goods and services.
Taxation is the process by which the government collects money from people to use
for government purposes.
Revenue on the other hand is defined as income received from all activities engaged in by
the receiving entity. In Governmental terms, revenue (IGR) is the entire amount received by
the Government from sources within and outside the Government entity (tax revenue
inclusive) through its efforts as against allocation from federally generated revenue.View entire presentation