The word tax originally from the Latin ‘taxo’ which means mandatory economy costs or some categories of levies foisted on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual income. Most nations force taxes on corporate revenue or dividends. Nations usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes stated above, so you could easily do your tax estimates both individual or legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily job. Hope this inspires you all.
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