Tax base refers to the total amount of income, property, goods, or assets that are subject to taxation by a government. It represents the broadest possible scope of taxable sources that government authorities can assess and collect taxes on. The tax base can vary depending on the type of tax being levied, such as income tax, property tax, or sales tax. The tax base provides a framework for determining the tax liability of individuals, businesses, or other entities, and is used as a basis for calculating the amount of tax owed.
The tax base refers to the total value or amount that is subject to taxation. It is the foundation upon which tax calculations are made. The tax base can vary depending on the type of tax being applied. For example, in income tax, the tax base is the total income earned by an individual or business. In property tax, it is the assessed value of the property. In sales tax, it is the total value of goods or services sold. The tax rate is then applied to the tax base to determine the actual amount of tax owed.
