Focus on the pronunciation of tax year
English definition of “tax year”
noun [C] TAX, FINANCE, ACCOUNTING
› any twelve-month period at the end of which tax is calculated on income during that period. The tax year can start in different months, depending on the country or organization: The figures for the tax year 2009/2010 are given in the table below. If the non-US shareholder was a nonresident alien who was physically present in the US during the tax year for more than 182 days, the distributions would be subject to a 30% tax. According to company records from the tax year ending September 2011, he is one of the highest paid CEOs in the state.