The phrase tax taken from the Latin ‘taxo’ which means compulsory economy fees or several kinds of levies foisted on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with rejection of taxation, can 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 also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual income. Most nations force taxes on corporate income also dividends. Countries commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes declared above, so you can easily do your tax calculations both individual and legal entities.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily job. Hope this helps you all.
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