JAMB - Government (1978 - No. 23)
To raise funds, local governments can levy
import duties
income taxes
Excise duties
rates
profits tax
Erläuterung
Rates refer to local taxation, i.e., taxation levied by (or for) local government rather than central government.
They are usually proportional to the estimated rentable value of a business and domestic properties. It is one of the ways in which local government raise their capital.