tax code Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “tax code” in the English Dictionary

"tax code" in Business English

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tax codenoun [C]

uk   us  
TAX in the UK, a set of ​numbers and ​letters used by the ​taxauthority to show the ​amount of ​incometax that someone should ​pay, depending on their ​income and ​personalsituation: The ​higher the ​figures in your ​taxcode, the more ​tax-freeincome you have.
GOVERNMENT, TAX in the US, the ​rules of the ​taxsystem: The ​President made the ​reform of America's complex ​taxcode a ​majorpriority.
(Definition of tax code from the Cambridge Business English Dictionary © Cambridge University Press)
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“tax code” in Business English

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