Tax law refers to the body of laws and regulations that govern the assessment and collection of taxes by governmental authorities. It encompasses the rules that individuals and businesses must follow when filing their tax returns and determining their tax liabilities, including income tax, payroll tax, corporate tax, sales tax, and other forms of taxation. Tax law is designed to ensure the fair and orderly collection of taxes, which fund government operations and public services. This area of law addresses issues such as tax compliance, tax avoidance, tax evasion, and the rights and responsibilities of taxpayers. Tax law can be complex and varies significantly by jurisdiction, often involving both federal and state or local laws. It also includes court decisions and interpretations of tax codes by tax authorities, which can influence how tax laws are applied. Tax attorneys and accountants often specialize in this field to provide guidance and representation to clients regarding their tax obligations and disputes with tax authorities.
The tax system in Honduras, managed by the Servicio de Administración de Rentas (SAR), includes individual and corporate income taxes. Residents pay taxes on global income, whereas non-residents are taxed…