Tax Law
Introduction to Tax Law
Tax law governs the legal rules and procedures for taxation. It is essential for individuals and businesses to understand their tax obligations to comply with the law and avoid penalties.
Types of Taxes
- Income Tax: Tax on individual or corporate earnings.
- Sales Tax: Tax on the sale of goods and services.
- Property Tax: Tax based on property ownership.
Tax law is complex, and seeking professional advice can help navigate the intricacies of tax obligations.
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