Street Markets and The Challenge of Taxation

Street markets play a vital role in the economic and social fabric of communities worldwide, providing livelihoods for millions and offering affordable goods to consumers. However, their informal nature poses significant challenges for taxation authorities. This review paper examines the complex relationship between street markets and taxation, exploring the difficulties faced by governments in revenue collection and the potential solutions to address these challenges. By analysing current approaches, innovative strategies, and case studies from both developing and developed economies, this paper aims to provide a comprehensive overview of the issue and offer policy recommendations for effective and equitable taxation of street markets.