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Accountancy - Taxation


Taxations first known systems were around 2800 BC - 3000 BC in Ancient Egypt (The first dynasty of the old kingdom). It is recorded in the time documents that Pharaoh would take a biennial tour of his kingdom; on his tour of the kingdom he would collect tax revenues from the people of the kingdom. Granary receipts on papyrus and limestone flakes are other records that were found. The bible also describes early taxation, (The new international version - Genesis, chapter 47, verse 24) these verses in Genesis states "But when the crop comes in, give a fifth of it to Pharaoh. The other four-fifths you may keep as seed for the fields and as food for yourselves and your households and your children." This was Joseph telling all the people of Ancient Egypt how they should divide their crops, he states that a portion should be provided to the Pharaoh making a 20% share of the crop Tax.

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