What is the Meaning & Definition of assessment

Charge or tax liability that is applied to the wealth, a purchase, an income, a good, or any other expense that involves it

Assessment is a concept of widespread use in economic and accounting plans to designate through to that charge or tax liability applied on the wealth that holds a person, a purchase x that was made and that demand, an income, a good, either furniture or property, or any other expense that implies it.
Basically, the assessment will be a tax that applies on most of the laws to tax income that someone gets and also the benefits achieved by something, such is the case of the wage each month Gets or income achieved by the rental of a property or any other property.

Finance costs of the creditor

The function of these taxes is usually the funding costs of the creditor. Think in the State, according to your needs and policies Governments can establish levies. Meanwhile, money collected those charges via competent organ will be gathered by the coffers of the State which then distributed it among the various areas to meet the costs of public administration as well also comply with the basic services required by a community: health, education, security, culture, among others.

Essential State front costs and comply in accordance with services that you manage and deliver to its citizens

This indicates that any taxes that Governments establish are essential so that the State can afford your expenses and meet according to services that you manage and provide for its citizens.
When people do not pay their assessments accordingly this will directly have an impact on this collection, and thus there will be less money to allocate to sensitive areas as indicated.

An obligation citizen that failure to comply may result in a punishment

The payment of taxes, when it is, is an obligation that all citizens have to face and that is of course regulated by law. In case of failure to comply with these obligations, the taxpayer in question may be punished according to the Regulations provisions for those cases.
Generally, the first instance is the intimation of the taxpayer through a notice of debt. Then, if the situation is not regularized, the organism corresponding may take legal action against the citizen.
Article contributed by the team of collaborators.

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