There are two types of primary tax authority: statutory and judicial.

Primary Tax Authority

The most authoritative sources of tax law, including statutes, regulations, and court decisions, which are used to find the legal basis for tax positions.

Statutory

Relating to laws or statutes, often used in the context of rights or obligations that are legally defined.

Judicial

Pertaining to the courts or to the administration of justice.

Distinguish between statutory and judicial primary tax authorities.

Verified Answer

anastasie nguebihJun 19, 2024

Final Answer :

False

Explanation :

Primary tax authority includes statutory (legislative), judicial, and administrative sources.

Learning Objectives

Distinguish between statutory and judicial primary tax authorities.

There are two types of primary tax authority: statutory and judicial.

Definitions

Learning Objectives

Learning Objectives

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