/tæk-ɪgˈzɛmpt ˈsteɪtəs/ – Phrase
Definition: quy chế tài sản được miễn thuế.
A more thorough explanation: Tax-exempt status refers to the designation given to an organization or individual that is not required to pay certain taxes, typically income taxes, on income or transactions that meet specific criteria set forth by tax laws or regulations. This status is granted by the relevant tax authority and allows the entity to be exempt from paying taxes on certain types of income or activities.
Example: The organization applied for tax-exempt status with the Internal Revenue Service to be recognized as a nonprofit entity.