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 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)