This unit covers the following;

(i) Basic conBASIC CONCEPTS AND INTRODUCTION

¨ACTIVITIES OF THE GOVERNMENT

¨PUBLIC REVENUE

¨TAXATION:

       (i) The Law of Taxation

       (ii) Main characteristic of a tax

       (iii) The Legal Framework

¨TAX SYSTEM

(i)Features of a tax system

(ii)Principles of an optimal tax system

¨PURPOSE OF TAXATION

¨CLASSIFICATION OF TAXES

¨OTHER IMPORTANT TERMINOLOGIES