Description

Income Tax refers to a tax imposed on individuals or entities based on their income or profits. It is a significant source of revenue for governments and is typically calculated annually.

Interpreter Notes

Interpreters may encounter variations such as 'impuesto sobre la renta' or 'impuesto a los ingresos', which can be colloquial or regional. It is crucial to maintain a formal register and ensure clarity in communication, avoiding any informal terms that might confuse the context.

Example Sentences

EN: The government requires all citizens to file their Income Tax returns by April 15th.

ES: El gobierno exige a todos los ciudadanos que presenten su declaración del Impuesto a la Renta antes del 15 de abril.

Common Interpreter Mistakes

Confusing 'Income Tax' with 'sales tax'; mixing up 'impuesto a la renta' with 'impuesto sobre la renta'; using informal terms in formal contexts.