The phrase tax originally from the Latin ‘taxo’ which means compulsory financial fares or some types of levies forced on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized to pay for public needs also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations push taxes on corporate income or dividends. Nations generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both personal and legal entities.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimates in their regular work. Hope this helps you all.
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