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 ?
Contract notice: Planning and buying media for the dissemination of an information campaign of the ministry of finance to encourage voluntary compliance with tax obligations.
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.
It also provides companies with the program's implementing guidelines and has a detailed "How it Works" section explaining the restructured voluntary compliance process.
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.
We have to do work on voluntary compliance that needs third party match.
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.
Voluntary compliance is apparently what is required of developers in the city of Los Angeles.
This is an area identified during the recently concluded Voluntary Compliance Agreement Program, which was seemingly viewed as an unexpected source of revenue by the IRS.
The NRA's main goals are to improve revenues and to prepare Bulgaria for EU accession, but it has other objectives as well: to simplify and introduce new payment methods, including Internet-based methods; to provide "clients" (that is, taxpayers and contributors to the country's social security programs) with the necessary information about their duties; and to improve voluntary compliance and achieve better results for the sake of the country and the society.
Also available is the G-2 Compliance Resource Guide, a compilation of key OIG (Office of Inspector General) documents for voluntary compliance programs; ask for report CRG5EC.
According to EPA, the voluntary compliance options apply to nitrogen oxide requirements for diesels during compliance testing at high altitudes and high speed/high acceleration conditions.
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