Before entering fully into the definition of the term exempt, we are going to proceed to know its etymological origin. In this case, we can state that it is a word that derives from Latin, exactly from “eximere”, which is the result of the sum of the following lexical components:
-The prefix “ex-“, which means “out”.
-The verb “emere”, which can be translated as “buy” or “grab”.
The term refers to break free someone from a obligation or a commitment.
For instance: “In order to promote employment, the government is analyzing tax exemptions for companies that hire workers in the next three months”, “They could exempt the payment of fines to drivers who justify their absence due to force majeure”, “To exempt my wife from housework, I hired two women who are in charge of that kind of chores.”.
Among the synonyms for exempt we can highlight lift, forgive, release, release, exonerate or amnesty. On the contrary, among its antonyms are to oblige, impose or condemn, for example.
The consequence of exempting is called exemption. That or he who is free of something, on the other hand, receives the qualifier of exempt.
Exemptions are common in the fiscal area. In certain cases, it is decided to exempt an activity or a person of the load that derives from the application of a norm that should correspond to it. This means that, despite the specificity of the taxable event, the obligation is not carried out.
The act of exempting a subject from a tax burden can be carried out in different ways. In some cases, the payment, while in others the obligation is not even born. The exempt subject can also be made to pay and then reimbursed for the money paid.
Let us suppose that the regulation of a certain legislation is in charge of exempt payment of gross income tax to non-profit associations. A sports club that is duly registered in the corresponding registries, therefore, will be able to develop its activities without having to pay this tax.
In the same way, we cannot ignore the existence of a document that is used to exempt a person from liability. Specifically, this document is usually used in companies that organize adventure or high-risk activities as well as active tourism calls.
Specifically, these companies oblige customers to read and sign the aforementioned document before carrying out any type of activity to exempt them from liability in the event of an accident or they suffer damage as a result of having taken risks. unnecessary or not having complied with the established standards.
Of course, legally it must be established that this document does not completely exempt companies from liability. And it is that you will be responsible if, despite the fact that a client complies with the instructions made and respects the rules, he suffers some type of accident or damage.