👉 Imposition is a tax or charge imposed on individuals, entities, or organizations for various reasons. It can be related to income, wealth, property, or other sources of earning. Impositions are often levied by governments, including municipalities, corporations, and local government authorities.
The purpose of impositions varies depending on the jurisdiction, but they typically serve the following functions:
1.
Revenue Collection
: Imposition is a way for governments to collect tax revenue from individuals, businesses, or other entities