the Tax Code

The Tax Code is a set of laws that governs how taxes are collected and managed in a country. It outlines the different types of taxes, such as income tax, sales tax, and property tax, as well as rules for how much people and businesses owe based on their income, profits, and financial activities. The Tax Code also includes deductions and credits that can reduce tax liability. Understanding the Tax Code helps individuals and companies comply with tax obligations and make informed financial decisions regarding their earnings and spending.