The principle that specified that the amount wh... - JAMB Economics 2023 Question
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
correct option: d
The principle that specifies that the amount, timing, and manner of tax payments should be made known to taxpayers is known as the Principle of Certainty. This principle ensures that taxpayers are aware of the amount they owe, the timing of the payment, and the method of payment. It contributes to a fair and transparent tax system.
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