The phrase tax comes from the Latin ‘taxo’ which means mandatory financial fees or several kinds of levies forced on taxpayers, taxpayers can be personals or other legal entities. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most nations impose taxes on corporate revenue also dividends. Countries usually also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various types of taxes mentioned above, so you can easily do your tax estimates both personal or legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their regular job. Hope this inspires you all.
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