A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
The government said it would have to increase taxes.
Income tax is a mandatory financial contribution to government revenue.
The government may levy a sales tax on certain goods and services.
Understanding tax regulations is essential for businesses to remain compliant.
The accountant provided advice on minimizing tax liabilities.
