The word tax comes from the Latin ‘taxo’ which means obligatory monetary fares or some classifications of levies foisted on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with refusal of taxation, can 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 nations 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 individual annual revenue, but most retribution scales are based on annual income. Most countries push taxes on institution revenue or dividends. Nations frequently also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes declared above, so you can easily do your tax calculations both personal 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 calculations in their regular work. Hope this inspires you all.
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