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Meaning of “tax threshold” in the English Dictionary

"tax threshold" in Business English

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tax thresholdnoun [C]

the ​level of ​income or ​moneyearned above which ​people or ​companies must ​paytax, or must ​pay a ​higherrate of ​tax: The ​government has announced a ​rise in the ​taxthreshold for lower-paid ​workers. Where ​investorsfall below the incometaxthreshold, there may be ​cases where they would ​pay no ​tax at all on their ​fund. You need to ​plan very carefully your ​mix of ​earnings and ​investment to ​stay beneath the higher-rate ​taxthreshold.
(Definition of tax threshold from the Cambridge Business English Dictionary © Cambridge University Press)
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