fiscalization Definition
the process of electronically registering financial transactions for tax purposes.
Using fiscalization: Examples
Take a moment to familiarize yourself with how "fiscalization" can be used in various situations through the following examples!
Example
The government requires fiscalization of all sales made by businesses.
Example
Fiscalization has made tax collection more efficient and accurate.
Example
The new law mandates fiscalization for all cash registers in the country.
Summary: fiscalization in Brief
The term 'fiscalization' [fis-kal-uh-zey-shuhn] refers to the electronic registration of financial transactions for tax purposes. It is a process mandated by governments to ensure accurate and efficient tax collection. Examples of its use include requiring fiscalization of all sales made by businesses and mandating fiscalization for all cash registers in a country.
