What are the five primary sources of revenue for the government?

Answer: The government’s five significant revenue sources include income tax,  goods and service tax, non-tax revenues,  Corporation tax,  and union excise duties. 

The taxation system influences the economy of a country. Money is required to run the government and manage the affairs of the state.

To achieve this, the government imposes taxes on various companies’ incomes and the incomes of individuals. 

There are two significant types of tax imposed, namely:

•  Direct taxes
•  Indirect taxes