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- Dictionarytax/taks/
noun
- 1. a compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions: "higher taxes will dampen consumer spending" Similar Opposite
- 2. a strain or heavy demand: "a heavy tax on the reader's attention" Similar
verb
- 1. impose a tax on (someone or something): "hardware and software is taxed at 7.5 percent" Similar
- 2. make heavy demands on (someone's powers or resources): "she knew that the ordeal to come would tax all her strength" Similar
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May 23, 2024 · Taxes are mandatory contributions levied on individuals or corporations by a government entity—whether local, regional, or national. Tax revenues finance government...
Jun 30, 2012 · The meaning of TAX is a charge usually of money imposed by authority on persons or property for public purposes. How to use tax in a sentence.
5 days ago · What Is Taxation? Taxation is a term for when a taxing authority, usually a government, levies or imposes a financial obligation on its citizens or residents. Paying taxes to governments or...
Tax. A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. Why Do We Pay Taxes?
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] .
TAX definition: 1. (an amount of) money paid to the government that is based on your income or the cost of goods or…. Learn more.
Tax definition: a sum of money demanded by a government for its support or for specific facilities or services, levied upon incomes, property, sales, etc.. See examples of TAX used in a sentence.
Taxation in a Nutshell: – The process where the government collects money (taxes) from people and businesses to fund public services. Key Nature of Taxation: – Comprehensive and plenary, giving the government full authority to impose taxes for national needs. Taxes Defined:
Britannica Dictionary definition of TAX : an amount of money that a government requires people to pay according to their income, the value of their property, etc., and that is used to pay for the things done by the government
Oct 23, 2023 · Contents. Tax Structure in the Philippines. The Role of BIR. What is Taxable Income? Types of Taxes in the Philippines. Direct taxes. Income tax. Withholding tax. Fringe Benefit Tax. Capital Gains Tax. Estate Tax. Donor’s Tax. Indirect taxes. Value Added Tax. Excise Tax. Documentary Stamp Tax. Local Taxes. Real Property Tax. Business Tax.
