Kalpana Kalpana (Editor)

Parafiscal tax

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A parafiscal tax is a tax levied for specific purpose, a tax on a specific product or service by which a government raises money for a specific purpose. The money raised is usually paid to a body other than the national tax authority.

Parafiscal charges are charges levied by public or private agencies on the production of marketing of agricultural products with a view to financing activities for the benefit of the sector as a whole.

References

Parafiscal tax Wikipedia