Definition: The Tax Base Amounts Registry is a comprehensive database that records all the taxable amounts for individuals, businesses, and other entities. It is a crucial tool for tax authorities to calculate the tax liabilities accurately and efficiently.
Source: Investopedia
Source reference: https://www.investopedia.com/terms/t/tax-base.asp
Additional information: The Tax Base Amounts Registry is a critical component in the tax administration system. It includes all the taxable income, property, sales, and other taxable entities. The registry is updated regularly to reflect the current financial status of taxpayers. It is used by tax authorities to calculate the tax liabilities of individuals and businesses. The registry helps in ensuring tax compliance and preventing tax evasion. It also aids in the formulation of tax policies and strategies. The data in the registry is confidential and is protected by privacy laws.
Example: For example, if a business has a taxable income of $1 million, this amount will be recorded in the Tax Base Amounts Registry. The tax authority will then use this information to calculate the business's tax liability. Similarly, if an individual owns a property worth $500,000, this value will be recorded in the registry. The tax authority will use this data to calculate the property tax for the individual.
LOST view: SV-Datasets Catalogue [Motivation]
Identifier: http://data.europa.eu/dr8/egovera/TaxBaseAmountsRegistryDataObject
EIRA traceability: eira:DataSetCatalogueDataObject
ABB name: egovera:TaxBaseAmountsRegistryDataObject
EIRA concept: eira:ArchitectureBuildingBlock
Last modification: 2023-07-27
dct:identifier: http://data.europa.eu/dr8/egovera/TaxBaseAmountsRegistryDataObject
dct:title: Tax Base Amounts Registry
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eira:PURI | http://data.europa.eu/dr8/egovera/TaxBaseAmountsRegistryDataObject |
eira:ABB | eira:DataSetCatalogueDataObject |
dct:modified | 2023-07-27 |
dct:identifier | http://data.europa.eu/dr8/egovera/TaxBaseAmountsRegistryDataObject |
dct:type | egovera:TaxBaseAmountsRegistryDataObject |
dct:title | Tax Base Amounts Registry |
eira:definitionSource | Investopedia |
eira:definitionSourceReference | https://www.investopedia.com/terms/t/tax-base.asp |
skos:definition | The Tax Base Amounts Registry is a comprehensive database that records all the taxable amounts for individuals, businesses, and other entities. It is a crucial tool for tax authorities to calculate the tax liabilities accurately and efficiently. |
skos:example | For example, if a business has a taxable income of $1 million, this amount will be recorded in the Tax Base Amounts Registry. The tax authority will then use this information to calculate the business's tax liability. Similarly, if an individual owns a property worth $500,000, this value will be recorded in the registry. The tax authority will use this data to calculate the property tax for the individual. |
skos:note | The Tax Base Amounts Registry is a critical component in the tax administration system. It includes all the taxable income, property, sales, and other taxable entities. The registry is updated regularly to reflect the current financial status of taxpayers. It is used by tax authorities to calculate the tax liabilities of individuals and businesses. The registry helps in ensuring tax compliance and preventing tax evasion. It also aids in the formulation of tax policies and strategies. The data in the registry is confidential and is protected by privacy laws. |
eira:concept | eira:ArchitectureBuildingBlock |
eira:view | SV-Datasets Catalogue [Motivation] |