Taxes Vocab Crossword Puzzle

QUESTIONS LIST:

• tax liability : is the total amount of tax owed in a given period by individuals and organisations
• tax code : a set of laws that govern taxation
• tax amount : so much money that needs to be paid to the budget
• tax free : international vat refund system for purchases made abroad
• double taxation : is the levying of tax by two or more jurisdictions on the same income
• tax return : a form filed with a tax authority on which a tax payer states their income tax information
• tax compliance : is the individual decision to comply with the tax laws in a given country
• tax refund : is a reimbursement when a taxpayer has overpaid their taxes
• tax credit : prepaid income tax that can be offset against the total income tax payable
• tax estimate : is a quarterly payment that is required of self-employed people and business owners who do not have taxes automatically withheld
• taxable income : the amount of your income that is subject to taxation
• tax reliefs : is a government program that help taxpayers lower their tax bills
• tax authorities : is a government agency responsible for the intake of government revenue
• taxpayers : is a person or organization (such as a company) subject to pay a tax
• tax rate : a percentage at which an individual or corporation is taxed
• tax base : the total amount of assets that can be taxed by a tax authority