Tax Law

Tax Law refers to the set of rules and regulations governing the taxation process, including the assessment, collection, and enforcement of taxes imposed by governmental entities. It encompasses various types of taxes, such as income tax, corporate tax, sales tax, property tax, and estate tax. Tax law not only defines the obligations of taxpayers but also the rights and procedures available to them in the context of tax compliance and disputes. It includes statutes, regulations, administrative rulings, and case law that interpret these statutes. Tax law serves to regulate how taxpayers fulfill their financial responsibilities to the government and outlines the procedures for disputing tax liabilities or seeking refunds. It is a critical aspect of public finance and economic policy, impacting individuals, businesses, and government revenue.