Taxable Person

A taxable person is an individual or business required to pay taxes on their income or sales. This includes anyone who engages in commercial activities, like selling goods or providing services, and meets certain legal criteria. Taxable persons are responsible for reporting their earnings to tax authorities and paying the appropriate taxes based on their income or sales. In essence, if you earn money or run a business that generates revenue, you are likely considered a taxable person and must fulfill your tax obligations to comply with the law.