Department of Taxation and Finance

The Department of Taxation and Finance (DTF) is involved in the implementation of the rules and regulations associated with finance and taxation in a state. The DTF also performs collection of local taxes and plays a major role in the administration of the state treasury.
The features or characteristics of the Department of Taxation and Finance differ from one country to another. The Department of Taxation and Finance drafts and publishes the tax laws and the tax forms. Usually, the Department of Taxation and Finance functions as a revenue collection agency of the state.

The DTF also tries to educate individual and business taxpayers by imparting educational programs among them. In the U.S., the governor of the state appoints a commissioner for heading the DTF. The appointment of the commissioner has to be approved by the Senate.

The responsibility of the DTF employees is to provide justified and effective service to the taxpayers.

The mission of DTF is accomplished with the help of the following programs:
Administration
Revenue support
Office of the counsel
Tax policy and analysis
Tax enforcement
Tax compliance
Treasury management
Auditing
Revenue and information management
Taxpayer services
Office of conciliation and mediation

The DTF collects its local taxes through the municipal bodies, provinces, counties, local governments, and other subnational entities.

Normally, the DTF collects the following types of taxes:
Alcohol tax
Cigarette and tobacco tax
Corporate tax
Real estate tax
Fuel tax
Sales tax
Income tax (both personal and commercial)
Local sales tax
Various surcharges
Excise duty
Capital gains tax
Consumption tax
Inheritance tax
Poll tax
Retirement tax
Toll tax
Tariffs
Value added tax (VAT)
Wealth tax

The rules and regulations of the Department of Taxation and Finance are enforced stringently and the DTF has the full authority to pursue people who violate the tax regulations. The DTF enforces both civil punishment, as well as criminal punishment if there is partial payment or non-payment of tax.

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Last Updated on : 1st August 2013

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