taxation regulation

Taxation regulation refers to the laws and rules that govern how governments collect revenue through taxes. These regulations specify who must pay taxes, how much they owe, and when payments are due. They also outline permitted deductions, credits, and exemptions, ensuring fair and consistent collection. The goal is to fund public services like health, education, and infrastructure while maintaining economic stability. Tax regulation balances the needs of the government with the abilities of individuals and businesses to contribute, adapting over time to changing economic and social conditions.