{"id":5285,"date":"2019-02-14T09:01:22","date_gmt":"2019-02-14T03:31:22","guid":{"rendered":"http:\/\/astan.lk\/al_virtualclassroom\/?p=5285"},"modified":"2019-02-16T10:43:02","modified_gmt":"2019-02-16T05:13:02","slug":"government-revenue","status":"publish","type":"post","link":"https:\/\/astan.lk\/al_virtualclassroom\/government-revenue\/","title":{"rendered":"Government Revenue"},"content":{"rendered":"<h3><span style=\"color: #000000;\">\u00a0Major sources of Government revenue<\/span><\/h3>\n<ul>\n<li>Tax revenue<\/li>\n<li>Non-tax revenue<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Tax Incidence<\/span><\/h3>\n<ul>\n<li>The burden of taxes is called tax incidence.<\/li>\n<li>Government taxes can be divided into two parts.\n<ul>\n<li>Direct tax<\/li>\n<li>Indirect tax<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Direct Tax<\/span><\/h3>\n<ul>\n<li>Payment of tax directly by a individual or a firm is direct tax; it depends on income, wealth and properties of the direct tax payer.<\/li>\n<li>Ex:\n<ul>\n<li>Income Tax<\/li>\n<li>Stamp Tax<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Indirect Tax<\/span><\/h3>\n<ul>\n<li>The taxes that is not imposed only an the tax payer is called indirect tax.<\/li>\n<li>Ex:\n<ul>\n<li>Taxes on goods and services<\/li>\n<li>Business turn over tax<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3><span style=\"color: #000000;\">Tax charging Types <\/span><\/h3>\n<ul>\n<li>Proportional tax<\/li>\n<li>Progressive tax<\/li>\n<li>Regressive tax<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Major sources of Government revenue Tax revenue Non-tax revenue Tax Incidence The burden of taxes is called tax incidence. Government taxes can be divided into two parts. Direct tax Indirect tax Direct Tax Payment of tax directly by a individual or a firm is direct tax; it depends on income, wealth and properties of the [&hellip;]<\/p>\n","protected":false},"author":842,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,2693],"tags":[],"class_list":["post-5285","post","type-post","status-publish","format-standard","hentry","category-economics","category-unit-8-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Government Revenue - Learning &amp; Education Portal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/astan.lk\/al_virtualclassroom\/government-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government Revenue - Learning &amp; Education Portal\" \/>\n<meta property=\"og:description\" content=\"\u00a0Major sources of Government revenue Tax revenue Non-tax revenue Tax Incidence The burden of taxes is called tax incidence. 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