Taxable Base

If we ask ourselves what is the Taxable Base, a first answer may be that it is the amount on which the corresponding taxation or tax is calculated. The taxable base is the sum of the taxpayer's income, to which the corresponding tax rate is applied to obtain the tax liability.

The taxable base determines the economic capacity of each taxpayer.

Related terms
Income | PIT Rate | VAT | Tax | Tax liability | Taxpayer