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tax law definition

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  • tax law definition

    tax law definition
    The tax law is a set of legal rules and procedures to be followed that the state imposes on each person charged with paying certain amounts to the state treasury because of obtaining a certain service or because of performing a certain act, and it is one of the branches of public law.

    It is worth noting that determining the basis for the payment of money and the extent of its value or percentage by the state to the persons entitled to pay differs from one country to another, as this matter governs many matters related to the monetary policy pursued by the state, and is related to the economic situation in general in the country and what is related to It has cases of growth, contraction, or inflation.

    It should be noted that the provisions of the tax law address many natural and legal persons and demand them to pay taxes to the state treasury, including:

    normal individuals.
    business men.
    Institution owners.
    financial companies.
    for-profit organizations.
    Taxes imposed by tax law

    The tax is an amount of money that the state treasury receives from people and institutions in order to finance the various state expenditures, in the sectors it supervises, which are usually sectors that provide a public service to the community such as government education, or to support basic goods, or to finance infrastructure maintenance operations. Such as roads, bridges, or unemployment insurance.

    It is worth noting that in many democratic countries in the world, the tax value is determined through laws approved by the people’s representatives, and the Ministry of Finance undertakes the task of collecting taxes and then redistributing them to the various sectors in the country after the general budget is approved by the competent authority.

    General principles of taxation
    There are many bases that each country sets, on the basis of which taxes are imposed on taxpayers, whether natural or legal persons, and these bases are as follows:

    Support the financial position of the government
    Taxes contribute to supporting the government's business and raising the proportion of its financial revenues.

    The value of each tax imposed by the government is fixed
    So that everyone knows the material value that he must pay to the state treasury.

    Determining the general means for collecting taxes and their time
    To make it easier for the taxpayers to do it in the appropriate way and without delay.

    Assessment of the financial situation of community members
    Thus taxes are levied according to the value of each person's material income taking into account people with limited incomes.

    General tax objectives
    There are many goals that the state seeks to achieve by imposing taxes, including the following:

    economic goals
    Often the goal of taxation is an economic goal, as it is often used to direct the surplus of purchasing power or it seeks to combat inflation that may sometimes occur, and the tax can be used as a means to encourage a specific sector in the country such as construction and housing or the industrial and production sector.

    social goals
    It seems that one of the goals of taxation is what is social, which lies in the redistribution of national income to support poor groups living in bad conditions, and it can also be used to support some types of basic goods that are widely used by society, and therefore taxes are a means through which the state achieves prosperity public in the social field

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  • #2
    Hello Guides,

    The process through which a government or taxing authority levies a tax on its residents and corporate entities is known as taxation. Your information about taxation has been very effective and needed for us. Thank you for sharing your experience and this information with us. This information is very helpful for all legal firm and lawyers.


    • #3
      Tax law is the body of laws that govern taxation. Taxation is the process by which governments collect money from individuals and organizations to pay for public goods and services. engagement rings Tax law includes statutes, regulations, case law, and administrative rulings that interpret and apply the law.


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