The word tax taken from the Latin ‘taxo’ which means obligatory financial fares or some kinds of levies forced on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with rejection 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 nations have a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most tax scales are based on annual income. Most nations impose taxes on institution income or dividends. Countries frequently also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimates both individual or legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their regular job. Hope this inspires you all.
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