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English definition of “tax code”

tax code

noun [C]
 
 
TAX in the UK, a set of numbers and letters used by the tax authority to show the amount of income tax that someone should pay, depending on their income and personal situation: The higher the figures in your tax code, the more tax-free income you have.
GOVERNMENT, TAX in the US, the rules of the tax system: The President made the reform of America's complex tax code a major priority.
(Definition of tax code from the Cambridge Business English Dictionary © Cambridge University Press)
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