Tax Code
/ˈtæks koʊd/
Definitions
- (n.) A systematic collection of laws and regulations governing taxation within a jurisdiction.
The company must comply with the federal tax code to avoid penalties.
- (n.) The official statutory framework detailing tax rates, procedures, and enforcement mechanisms.
Changes to the tax code can affect how much individuals owe each year.
Forms
- tax codes
Related terms
Commentary
"Tax code" typically refers to comprehensive statutory compilations of tax laws; drafters should specify jurisdiction when ambiguity exists.
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.