Tax Base
/ˈtæks beɪs/
Definitions
- (n.) The total amount of assets, income, property, or economic activity subject to taxation by a government authority.
The tax base determines the scope of what can be taxed by the state.
Forms
- tax bases
Related terms
See also
Commentary
When drafting, clearly define the components included in the tax base to avoid ambiguity and disputes over taxable items.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.