{"id":74749,"date":"2024-04-20T12:06:18","date_gmt":"2024-04-20T12:06:18","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=74749"},"modified":"2024-04-20T12:06:18","modified_gmt":"2024-04-20T12:06:18","slug":"a-challenge-faced-by-the-mizoram-tax-system-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-challenge-faced-by-the-mizoram-tax-system-is\/","title":{"rendered":"A challenge faced by the Mizoram tax system is:"},"content":{"rendered":"

[amp_mcq option1=”A large informal sector” option2=”High tax rates” option3=”Complex tax procedures” option4=”Low taxpayer awareness” correct=”option1″]<\/p>\n

The correct answer is: a) A large informal sector.<\/p>\n

The informal sector is the part of an economy that is not taxed or regulated by the government. It is often characterized by small, unregistered businesses and self-employment. The informal sector is a major challenge for tax systems in many countries, including Mizoram.<\/p>\n

There are a number of reasons why the informal sector is a challenge for tax systems. First, it is difficult to track and monitor informal businesses. This makes it difficult to collect taxes from them. Second, informal businesses are often not registered with the government, which makes it difficult to enforce tax laws against them. Third, informal businesses often operate in cash, which makes it difficult to track their income and expenses.<\/p>\n

The informal sector is a major challenge for tax systems in Mizoram. The government of Mizoram has taken a number of steps to address this challenge, but it remains a significant problem.<\/p>\n

Here is a brief explanation of each option:<\/p>\n