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🇰🇷Korean Source WordCode: KO

비과세

Pronunciation / Transliteration: bigwase

🇬🇧 Direct English Meaning:
Tax-exemption/ˈtæks ɪɡˌzɛmp.ʃən/
nounCEFR C1 (Advanced)Top #8500 frequency
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🇰🇷 Example Sentence in Korean:

"그 자선 단체는 비과세 혜택을 받습니다."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The status of being officially freed from the obligation to pay a tax on certain income, property, or transactions.

    "The non-profit organization successfully applied for tax-exemption status under the law."
  2. 2

    An amount subtracted from taxable income or value, reducing the total financial burden imposed by a government.

    "Families meeting specific income thresholds may qualify for a tax-exemption on educational expenses."
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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term derives from the Middle English 'taxe' (from Old French and ultimately Latin 'taxare', meaning to evaluate or assess) combined with 'exemption' from Latin 'exemptio', meaning a freeing or release from a duty or obligation. Formally coined in modern legal and financial terminology during the development of nineteenth-century fiscal policy to denote immunity from taxation.

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