|Page tools: Print Page Print All|
10.1. Direct taxes are compulsory unrequited transfers made by households to government, usually out of income received during the period. The government makes no (direct) return to the individual taxpayer although the revenue raised through taxation is used to provide goods and services to the community as a whole, or to other individuals or groups.
10.3. Direct taxes:
Compulsory fees and fines
10.4. Compulsory fees are those which are associated with regulatory functions of government or the granting of a permit or privilege. Examples are motor vehicle registration fees, drivers' or pilots' licence fees, fishing licences, etc. Where such fees are associated with production of entrepreneurial or property income, they are treated as indirect taxes (which constitute part of operating costs).
10.6. Compulsory fees and fines are classified as: