what is The differences between tax and revenue?

Heatman

Ledgendary Member
Verified Poster
BizNotes
2,020.00
Just simply put, tax is expenses made by a business owner or a company or an individual while revenue is income that come into the business owner's account or company's account or individual account.
 

Stylex

Seasoned Veteran
Verified Poster
BizNotes
4,479.00
tax and revenue are two different words that sounds same ,tax is a compulsory payments that you made, normally for government workers tax will be deducted from there account,while revenue is the amount of money you pay while buying a product but it is not compulsory
 

Bright7777

Up-and-Coming Sensation
Verified Poster
BizNotes
0.00
The difference between tax and revenue is that tax is a compulsory payment made to the government by individuals and business owners living in the country while revenue is money you generate by doing business.
 

Heatman

Ledgendary Member
Verified Poster
BizNotes
2,020.00
The difference between tax and revenue is that tax is a compulsory payment made to the government by individuals and business owners living in the country while revenue is money you generate by doing business.
One thing with paying taxes is that even if you don't go to the tax offices to pay then as your duty as a citizen implies, you will pay it one way or another from purchasing items that are taxed already.
 

Immilash

Madly Diligent
Verified Poster
BizNotes
1,810.00
taks is the amount of money you have to pay to the government so that it can pay for public service, while revenue is the amount of money the government receives taxes.
 

Kaffyfolla

Madly Diligent
Verified Poster
BizNotes
-659.00
Taxes are involuntary fees levied on individuals or corporations and enforced by a government entity - whether local, regional or national - in order to finance government activities while revenue is the total amount of money that a company receives from the sale of goods or services, including discounts and deductions for returned merchandise
 

Popular

Resident Member
Verified Poster
BizNotes
339.00
Tax is an amount of money imposed on private individuals and businesses by the government over period of time. While Revenue is the total amount of money generated by the sales of goods and services rendered.
 

Heatman

Ledgendary Member
Verified Poster
BizNotes
2,020.00
Some years ago, there was a lot of cases with footballers who evaded paying their taxes. There was a peculiar case with Messi at Barcelona back then which was latter settled and he had to pay million for Euros for it. Now, I keep wondering why they do that? It's not like they can't afford to pay for those taxes, so why try to evade pay it?
 

tyrim88

Ledgendary Member
Verified Poster
BizNotes
622.00
Tax is usually the money government collects most times mainly from salaries,utilities and some basic produce within a country,and this is what the government use to fulfil its obligations to its citizen,then the revenue is the various forms of money coming into government coffers.
And again the aspect of revenue thais acuring to government might not just be coming from utilities payment from citizens or from their salaries,government might have stake in some investment or in multinational coy that will be bringing in revenue.
 
Top