Voluntary Compliance


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Voluntary Compliance

1. The principle that all taxpayer pay their taxes according to the law. That is, the IRS or other tax agency assumes that one has paid the appropriate amount of taxes unless something looks wrong on the tax return of the person or company.

2. A situation in which a person or company complies with a government request before it becomes an order. Voluntary compliance gives the person or company more leeway in how strictly the request is enforced; it can also be a good public relations move. Perhaps most importantly, voluntary compliance does not create the precedent that a government can simply order the release of documents, records, or anything else.
References in periodicals archive ?
pk and gt;) launched in December 2016, to encourage and promote voluntary compliance of the law, said a statement issued here on Thursday by the commission.
Following the information drive on ending contractualization, the Department of Labor and Employment (DOLE-7) received reports on voluntary compliance of establishments on regularization of workers.
This includes the following bills: Act Defining the Role of DOLE and Local Government Unit on the Establishment and Operation of the Public Employment Service Office (PESO); An Act Fostering a Culture of Voluntary Compliance with Labor Laws through the Use of Developmental Approach amending Article 128 of the Labor Code from a purely regulatory framework to the promotion of voluntary compliance; An Act Establishing Occupational Safety and Health Standards in the Construction Industry which adopted the provisions of DOLE Department Order No.
Chidambaram, who released a booklet containing Frequently Asked Questions (FAQ) on Service Tax Voluntary Compliance Encouragement Scheme 2013, here today, said the scheme offering "no penalty, no interest" provides a one time opportunity to defaulters to come clean.
Summary paragraph: IRS asks for voluntary compliance
The voluntary compliance rate is the amount taxpayers actually pay versus what they should report and pay.
The FTB launched its second Voluntary Compliance Initiative by contacting 47,000 taxpayers who may have underreported their tax liabilities through the use of tax avoidance transactions or who may have unreported offshore income.
According to a press statement released on Monday, the FBR has taken the step to facilitate taxpayers and help them ensure a voluntary compliance before initiation of some legal action against them.
According to a press statement released to the media on Monday, the FBR has taken the step to facilitate the taxpayers and help them ensure a voluntary compliance before initiation of some legal action against them.
In accordance with its policy of promoting voluntary compliance with ERISA, in many situations the Employee Benefits Security Administration (EBSA) actively pursues voluntary resolution to correct violations of ERISA.
Voluntary compliance is apparently what is required of developers in the city of Los Angeles.
EBSA investigated 7,752 plans in the fiscal year that ended March 31, 2005, closed 3,978 civil and criminal investigations and received 985 voluntary compliance applications.
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