tax year
noun [ C ]
TAX, FINANCE, ACCOUNTING ukusany twelve-month period at the end of which tax is calculated on income during that period. The tax year can start in different months, depending on the country or organization:
The figures for the tax year 2009/2010 are given in the table below.
If the non-US shareholder was a nonresident alien who was physically present in the US during the tax year for more than 182 days, the distributions would be subject to a 30% tax.
According to company records from the tax year ending September 2011, he is one of the highest paid CEOs in the state.