Tax Fine
/ˈtæks faɪn/
Definitions
- (n.) A monetary penalty imposed for failure to pay taxes or for violating tax laws.
The taxpayer was subject to a tax fine for late submission of the tax return.
Forms
- tax fine
- tax fines
Related terms
See also
Commentary
Tax fines are distinct from taxes owed; they serve as punitive or corrective measures for noncompliance with tax obligations.
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.