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The Commonwealth of Symmetrica
Income Tax Act

A Hypothetical Tax Law
September 29, 2000

Contents Use the free Adobe Acrobat Reader to view the full text of the commentary on this Tax Act (783K pdf file) or the full text of the Act (542k pdf file).

PART I. IMPOSITION OF
INCOME TAX

Parts I - III

Division I. Income Tax Payable
Division II. Rates of Imcome Tax

PART II: INCOME TAX BASE

Division I: Calculating the Income Tax Base

    Subdivision A: Taxable Income
    Subdivision B: Assessable Income
    Subdivision C: Exempt Amounts
    Subdivision D: Deductions

Division II: Rules Governing Amounts Used in Calculating the
Income Tax Base

    Subdivision A: Central Concepts
    Subdivision B: Timing of Amounts
    Subdivision C: Quantification of Amounts
    Subdivision D: Allocation of Income and Amounts
    Subdivision E: Characterisation of Amounts

Division III: Assets and Liabilities

    Subdivision A: Central Concepts
    Subdivision B: Depreciable Assets, Allowances, and Inclusions
    Subdivision C: Special Rules

PART III: RULES GOVERNING TYPES OF PERSONS

Division I: Central Concepts

Division II: Rules Applicable to Particular Types of Persons

    Subdivision A: Individuals
    Subdivision B: Partnerships
    Subdivision C: Trusts
    Subdivision D: Companies
    Subdivision E: Foreigner's Symmetrican Branches and Other Foreign Branches
    Subdivision F: Controlled Foreign Trusts and Companies

Division III: General Provisions Applicable to Entities

PART IV: SPECIAL INDUSTRIES AND OFFSETS
Parts IV - VIII pdf file

Division I: Insurance Business

Division II: Retirement Savings

Division III: Foreign Tax Offsets

PART V: TAX PAYMENT PROCEDURE

Division I: General Obligations

Division II: Income Tax Payable by Withholding

    Subdivision A: Withholding Obligations
    Subdivision B: Procedure Applicable to Withholding

Division III: Income Tax Payable by Instalment

Division IV: Income Tax Payable on Assessment

    Subdivision A: Returns
    Subdivision B: Assessments

Division V: Non-Compliance

    Subdivision A: Interest and Penalties
    Subdivision B: Offences
    Subdivision C: Recovery of Tax from Tax Debtor
    Subdivision D: Third Party Liability
    Subdivision E: Proceedings Under Subdivisions B, C, and D

Division VI: Remission and Refund

PART VI: ADMINISTRATION

Division I: Officers of the Income Tax Service

Division II: Official Documentation

Division III: Audit and Information Collection

Division IV: Administrative Review

    Subdivision A: Objections
    Subdivision B: Appeal
    Subdivision C: Income Tax Tribunal

PART VII: INTERPRETATION AND CITATION

PART VIII: TRANSITIONAL

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