Taxation Authority

A Taxation Authority is a government agency responsible for collecting taxes and enforcing tax laws. They ensure individuals and businesses pay the correct amount of taxes, which fund public services like education, healthcare, and infrastructure. This authority sets tax rates, processes tax returns, audits taxpayers for compliance, and handles disputes. Essentially, they play a crucial role in maintaining the financial system of a country, ensuring that revenue is collected efficiently and fairly. Common examples include the Internal Revenue Service (IRS) in the United States and Her Majesty's Revenue and Customs (HMRC) in the United Kingdom.