tax is all amount of money that citizens of a country must pay to the state to ensure the functionality of public services and collectives.
In Portuguese, tax can also be understood as an adjective, in the sense of being something that imposed itself. For example: "The desire imposed by the girl remained”.
Paying taxes should be an obligation for both individuals and legal entities, with the objective of defraying the costs of health, education, safety, sanitation, transport, culture and etc.
It is the State's obligation, however, to use the money obtained from taxes and invest in quality works, actions and services for the population. Unfortunately, this is not a reality present in most countries, especially developing ones such as Brazil.
There are several different types of tax, such as import tax, IPTU (Urban Building and Territorial Tax), the ICMS, O VAT it's the IOS.
In Brazil, tax evasion – that is, not paying mandatory taxes – is a serious crime, punishable by the payment of fines and, in some cases, the arrest of the offender.
Brazil has one of the highest tax burdens in the world, with approximately 37% of the country's Gross Domestic Product originating from taxes.
tax synonyms
- Collect
- Quotation
- Charge
- tariff
- Price
- Cost
- Share
- Quota
- Tribute
- Rate
- Contribution
- Penalty
Income tax
This type of tax is the annual amount deducted from the worker's income (wages received) or the company's (invoicing) and delivered to the federal government, and the discount percentage is fixed by the government of each country where this tax.
Learn more about the meaning of income tax.
income tax refund
After the balance made between the annual income and the expenses that a certain person had throughout the year, if he did not if you have a sufficiently higher income compared to your expenses, you are able to receive the tax refund from income.
In this case, the State reinstates the worker with an amount related to the “surplus” contribution.
See the meaning of Restitution.