taxable base vs tax base

Both 'taxable base' and 'tax base' are correct phrases used in the context of taxation. 'Taxable base' refers specifically to the portion of income or property subject to taxation, while 'tax base' is a broader term that encompasses the total amount of income, property, or other factors used to calculate taxes.

Last updated: March 23, 2024 • 1076 views

This phrase is correct and commonly used in the context of taxation to refer to the portion of income or property subject to taxation.

"taxable base"

The 'taxable base' is the specific amount of income or property that is subject to taxation. It is used in tax calculations to determine the amount of tax owed.

Examples:

The taxable base for this year's income tax is $50,000.
The taxable base for property tax is determined by the assessed value of the property.
The taxable base for corporate taxes includes profits and losses.
The taxable base for sales tax is the total amount of sales made by a business.
The taxable base for capital gains tax is the profit made from selling an asset.

Show examples from the web [+]

Coordination of national fiscal policies is just as important, with the identification of a taxable base.
The taxable base will be determined by applying for each of its vessels a decreasing ratio from EUR 0,50 to EUR 0,10 per 100 net tons (NT) to its tonnage.
The scheme provides for the possibility to deduct from the taxable base in Hungary 50 % of the amount of the net interest received from affiliated companies.
Article 25 EBF also excludes from the taxable base for IRC capital gains realised by 100 % state-owned companies and companies controlled by them.
However, one likely feature for a levy to be considered as environmental would be that the taxable base of the levy has a clear negative effect on the environment [26].
is not included in the taxable base under Spanish international tax transparency rules and is taxed as profits earned in Spain [12].
is not included in the taxable base under Spanish international tax transparency rules and is taxed as benefits received in Spain [11].
In line with the tax rules applicable, the additional VAT owed by the taxable person and not invoiced to the customer must be regarded as a deductible expense when determining the taxable base for corporate tax.
At the same time, if the amount of interest payments to affiliated companies exceeds the amount of interest income received from affiliated companies, 50 % of the net interest paid shall be added to the taxable base.
Whereas the taxable base must be harmonized so that the application of the Community rate to taxable transactions leads to comparable results in all the Member States;
the taxable base must be harmonized so that the application of the Community rate to taxable transactions leads to comparable results in all the Member States;
Title II lays down the rules on corporate tax and Chapter III lays down the tax provisions applicable to non-commercial entities, such as the rules for calculating the taxable base and the rules on the rates of taxation [11].
In any case, there are a number of substantial differences between ICI and the previous real estate taxes, in terms of taxable persons, taxable base and events which gave rise to the obligation to pay these taxes.
One likely feature for a levy to be considered as environmental would be that the taxable base of the levy has a clear negative effect on the environment.
In most cases the lowering of the statutory tax rate is accompanied by a broadening of the taxable base, thus compensating for a possible loss to the budget.
Under the applicable legal and regulatory provisions, by accepting the transaction concerning the taxable base, the taxpayer also requests the benefit of a reduction in fines.
In the case in question, the concession made by the taxpayer is the acceptance of the taxable base resulting from the adjustment notice following the check.
The taxable base is first computed for the limited partnership as a whole and then allocated to the general partners and limited partners.
(15) The levy is in theory due from anyone who carries out retail sales. The taxable base is the value net of VAT of purchases from any source of:
Moreover, given the variety and sophistication of innovative financial products, it will not always be easy to calculate the amount of declarable income or the taxable base.

Alternatives:

tax base
taxable amount
taxable income base
taxable property base
taxable revenue base

This phrase is correct and commonly used in the context of taxation to refer to the total amount of income, property, or other factors used to calculate taxes.

"tax base"

'Tax base' is a broader term that refers to the total amount of income, property, or other factors that are used to calculate taxes. It is a key concept in tax policy and administration.

Examples:

The tax base for this region includes both individual and corporate income.
The tax base for property taxes is determined by the total value of properties in the area.
Expanding the tax base can help generate more revenue for public services.
A broad tax base can lead to a more stable source of government funding.
The government is considering ways to broaden the tax base to cover more economic activities.

Show examples from the web [+]

Previous EESC opinions on a corporate tax base
A neutral tax base helps to create free and fair competition between companies.
The tax base of the machine is 70.
The tax base of the interest receivable is nil.
In the end, we need a consolidated corporate tax base.
The logic of the proposed scheme is dual - employment and occupation constitute the tax base, while profitability constitutes a lower quantitative threshold to liability.
The tax base of the trade receivables is 100.
Consequently, the tax base of the dividends receivable is 100.
The tax base of the loan is 100.
The tax base of the accrued expenses is nil.
The tax base of the interest received in advance is nil.
The tax base of the accrued fines and penalties is 100.
Backing for a common company tax base
What we are talking about now is establishing common rules for defining the tax base.
This debate on corporate tax base harmonisation is a consequence of such efforts.
My second point about scrapping double taxation concerns the common consolidated tax base.
The long-term goal of the Commission is to achieve a consolidated corporate tax base.
That is a huge chunk of the tax base.
Deferred indexation of the tax base for property tax
Fixed tax base for future buildings - property tax

Alternatives:

taxable base
taxable amount
taxable income base
taxable property base
taxable revenue base

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taxable base vs tax base

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