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The principle that specified that the amount, when and how to pay tax should be...

Economics
JAMB 2023

The principle that specified that the amount, when and how to pay tax should be made known to tax payer is known as

  • A. Principle of economy
  • B. Principle of convenience
  • C. Principle of simplicity
  • D. Principle of certainty
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Correct Answer: Option D
Explanation

The principle of certainty states that a tax should be certain and clear to everybody concerned. The time of payment, the manner of payment and the amount to be paid should be clear and plain to the tax payer.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts