taxable

/'tæksəbl/

Thân thiện

Taxable income is reported on an official form.

Definition

Adjective: Subject to being taxed; required by law to have a tax paid on it. It describes income, property, goods, or funds that are liable for taxation by a government authority.

Usage

The adjective "taxable" is used to describe something on which a tax must be paid. It is commonly used in financial, legal, and administrative contexts. * It typically precedes a noun (e.g., taxable income, taxable event). * It can follow a linking verb like "is," "are," or "become" (e.g., These benefits are taxable).

Examples

• Before a noun:
  • You must report all taxable income on your annual return.
  • The government has expanded the list of taxable goods.
  • The inheritance became part of his taxable estate.
• After a linking verb:
  • Interest earned from this account is taxable.
  • Are these dividends taxable?
  • Not all scholarships are taxable; some are exempt.

Advanced Usage

• Taxable base: The total amount of income, property value, or transaction value on which the tax rate is applied to calculate the tax owed.
• Taxable event: A specific occurrence or transaction that creates a tax liability, such as selling an asset for a profit or receiving income.
• Taxable person (in VAT/GST systems): An individual or entity that is registered or required to be registered for value-added tax or goods and services tax purposes.

Variants and Related Words

• Tax (verb/noun): The related action (to impose a tax) and the compulsory financial charge itself.
• Nontaxable / Tax-exempt (adjective): The direct opposite, meaning not subject to taxation.
• Taxability (noun): The quality or state of being taxable.

Synonyms

• Assessable
• Dutiable
• Liable to tax
• Chargeable

Antonyms

• Nontaxable
• Tax-exempt
• Tax-free

Học thuật

Adjective

1. (of goods or funds) subject to taxation
   • taxable income
   • nonexempt property

Từ đồng nghĩa

• nonexempt