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Meaning of “tax threshold” in the English Dictionary

"tax threshold" in Business English

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tax thresholdnoun [C]

uk   us   TAX, FINANCE, ACCOUNTING
the level of income or money earned above which people or companies must pay tax, or must pay a higher rate of tax: The government has announced a rise in the tax threshold for lower-paid workers. Where investors fall below the income tax threshold, 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 tax threshold.
(Definition of tax threshold from the Cambridge Business English Dictionary © Cambridge University Press)
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