Definition, Meaning & Synonyms
tax-regime
noun
/tæks rɪˈʤiːm/
Definition
A tax regime refers to the system and rules that govern how taxes are levied, collected, and managed by a government.
Examples
- Countries often adjust their tax-regime to attract foreign investment.
- The new tax-regime introduced several benefits for small businesses.
Meaning
It encompasses all aspects of taxation, including rates, exemptions, and the administration of tax laws.
Synonyms
- Tax system
- Tax structure
- Fiscal regime
