fiscal secrecy
[/ˈfɪskəl ˈsiːkrəsi/]
nounpl: fiscal secrecies
sigilo fiscal
1. The legal protection that prevents disclosure of a taxpayer's financial and tax information to unauthorized persons or entities
Fiscal secrecy protects individuals from having their tax returns publicly revealed.
O sigilo fiscal protege os indivíduos da revelação pública de suas declarações de imposto de renda.
2. Confidentiality requirements imposed by tax authorities regarding financial records and tax filings
Banks must maintain fiscal secrecy and cannot share customer tax information without legal authorization.
Os bancos devem manter o sigilo fiscal e não podem compartilhar informações fiscais do cliente sem autorização legal.
3. A principle in tax law that balances transparency in government with privacy rights of taxpayers
The law strengthens fiscal secrecy while allowing tax authorities to investigate fraud.
A lei reforça o sigilo fiscal enquanto permite que as autoridades fiscais investiguem fraudes.
In Brazil, fiscal secrecy (sigilo fiscal) is a fundamental principle protected by federal law, particularly relevant given the country's complex tax system and emphasis on financial privacy. The concept is especially important in discussions about tax compliance, banking regulations, and the balance between government oversight and individual privacy rights. In the United States, similar protections exist but are often framed under 'tax confidentiality' or 'taxpayer privacy,' with variations depending on state and federal regulations.
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