Which of the following is an example of a non-tax revenue source for the Nigerian federal government?
ACompanies income tax
BValue added tax
CProceeds from the sale of crude oilCORRECT
DPersonal income tax
GCEEconomicsPublic Finance2019
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Toaster Teacher
Why the answer is C, and why the others tempt you.
Non-tax revenues are government receipts that do not arise from compulsory levies. Proceeds from crude oil sales represent earnings from a government-owned natural resource and are classified as non-tax revenue. Companies income tax, VAT, and personal income tax are all compulsory tax revenues.
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