Use the information to answer the following question
EXPECTED REVENUE
| Items |
Amount ($m) |
| Rents and royalties |
75.00 |
| Company income tax |
150.00 |
| Custom and excise duties |
300.20 |
| personal income tax |
80.00 |
| Fees and fines |
60.00 |
| value added tax |
100.00 |
What is the total revenue from indirect tax
Indirect tax is a tax levied on goods and services rather than on income or profits. Thus we have;
Indirect tax = customs and excise duties + value-added tax
300.20 + 100.00 = 400.20