Tax Terms
Tax Authority
Definition
What is Tax Authority?
A public authority responsible for administering and collecting taxes.
Example in practice
How This Looks in Practice
An investorA person or organisation that commits capital with the expectation of a financial return. checks tax-authority guidance to understand reporting obligations for investmentAn asset or commitment of money made with the expectation of future income, growth, or both. income or gains.
Keep learning
Related Terms
Tax Terms
Withholding Tax
Tax deducted at source from specified income payments before the recipient receives the balance.
Tax TermsCapital Gains Tax
Tax that may apply to gains from disposing of qualifying assets.
Tax TermsTax-Efficient Investing
Structuring legitimate investment choices to reduce unnecessary tax while following applicable law.
Risk TermsMarket Risk
The possibility of loss because broad market prices or rates move against an investment.