Tax Penalty Regulations
/ˈtæks ˈpɛnəlti ˌrɛɡjʊˈleɪʃənz/
Definitions
- (n.) Rules established by tax authorities that impose penalties for non-compliance with tax laws, such as late filing or underpayment.
The tax penalty regulations specify fines for failure to submit returns on time.
Forms
- tax penalty regulations
- tax penalty regulation
Related terms
See also
Commentary
These regulations detail the nature and extent of financial punishments to enforce taxpayer compliance and are crucial in tax administration.
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.