The notion of fact It can be used to name a work, an event or something that takes shape. Taxable , on the other hand, is an adjective that is used to qualify what can be taxed (a monetary obligation set by law).
A taxable event , therefore, it is an event that causes birth of the legal obligation to make a contribution . On this circumstance the application of the tribute in question.
According to the tax law, a tax obligation is born with a taxable event, which is also a legal fact (be stable by law and its effects are determined by legislation). The taxable event assumes that there is a specific manifestation of contributory capacity, which is determined temporarily and territorially precisely.
Although the characteristics of the taxable event vary by country, it is generally considered that the taxable event generates a tax obligation and simultaneously tax duties . Therefore, the taxpayer must pay the amount corresponding to the obligation and in turn comply with the requirements established by the aforementioned duties (such as providing information, paying late payment interest, etc.).
It is important to keep in mind that the tax linked to a taxable event can be a tax or one rate . In the case of real estate tax For example, the taxable event is the property of a real estate (such as a house). A municipal tax , on the other hand, may have as taxable the use of a public service (such as lighting).