A tap and solvent container assembly comprising: a container comprising an upper wall (14, 62), a bottom wall and a side wall connecting said upper wall and said bottom wall; an internal chamber for containing a liquid comprising one of: solvents, paints, degreasers, cleaners, paint thinners and paint reducers; a first bung hole formed in said side wall, and a first threaded bung assembly mounted in said first bung hole, said threaded bung assembly comprising a threaded member and an o-ring inserted therein; said threaded member receiving a threaded tap assembly screwed therein, comprising a longitudinally extending tap body, a spigot configured to dispense a liquid therefrom, and a threaded tap end including a set of external tap threads wherein said set of external threads are configured to threadedly engage said set of internal threads of said threaded member in a tapped state; characterized in that said upper wall is crimped onto said side wall and comprises a second bung hole centrally positioned thereon, and a second threaded bung assembly positioned within said second bung hole; in that a mixer is screwed into said second bung assembly and extending through said second bung hole for mixing associated contents of said container, props of said mixer being configured to slip through the second bung hole; and in that the first threaded member is configured to removably receive one of a threaded plug and said threaded tap assembly, such that the solvent container may be converted from a plugged state to a tapped state and vice versa; said threaded plug comprising a set of external plug threads configured to threadedly engage said set of internal threads of said threaded member in said plugged state. a container comprising an upper wall (14, 62), a bottom wall and a side wall connecting said upper wall and said bottom wall; an internal chamber for containing a liquid comprising one of: solvents, paints, degreasers, cleaners, paint thinners and paint reducers; a first bung hole formed in said side wall, and a first threaded bung assembly mounted in said first bung hole, said threaded bung assembly comprising a threaded member and an o-ring inserted therein; said threaded member receiving a threaded tap assembly screwed therein, comprising a longitudinally extending tap body, a spigot configured to dispense a liquid therefrom, and a threaded tap end including a set of external tap threads wherein said set of external threads are configured to threadedly engage said set of internal threads of said threaded member in a tapped state; characterized in that said upper wall is crimped onto said side wall and comprises a second bung hole centrally positioned thereon, and a second threaded bung assembly positioned within said second bung hole; in that a mixer is screwed into said second bung assembly and extending through said second bung hole for mixing associated contents of said container, props of said mixer being configured to slip through the second bung hole; and in that the first threaded member is configured to removably receive one of a threaded plug and said threaded tap assembly, such that the solvent container may be converted from a plugged state to a tapped state and vice versa; said threaded plug comprising a set of external plug threads configured to threadedly engage said set of internal threads of said threaded member in said plugged state.