exempt from taxation
Meaning
Exempt from taxation means not required by law to pay certain taxes. It applies because of status, purpose, or the type of income or property. Commonly covers nonprofits, some purchases, or income below a set level.
Exempt from taxation means not required by law to pay certain taxes. It applies because of status, purpose, or the type of income or property. Commonly covers nonprofits, some purchases, or income below a set level.