The aggregate value of the income or assets on which tax can be imposed.
For example, in the case of income tax, the tax base is determined by what the tax authorities’ state as the minimum amount of annual income that can be taxed (taxable income). If this minimum amount (tax threshold) is lowered, this will automatically increase (widen) the tax base; if it is raised, the tax base will be narrowed.
FOR MORE DETAIL NOTES in This Topic… JUST STAY CONNECTED
For Videos Join us on Youtube-
611 total views, 2 views today