Categories: General Tax Terms
Right to Pay No More than the Correct Amount of Tax
The principle that taxpayers are entitled to pay only the amount of tax that they legally owe, without any undue penalties or overpayments. This right ensures that taxpayers can challenge incorrect tax assessments, claim applicable deductions and credits, and seek refunds for any excess payments made to tax authorities.
Taxpayers can exercise this right by maintaining accurate financial records, understanding tax laws, and utilizing available resources, such as tax advisors or accountants, to ensure compliance and correctness in their tax obligations.
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