The word tax taken from the Latin ‘taxo’ which means mandatory monetary costs or some kinds of levies foisted on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes and could 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 and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual revenue. Most nations impose taxes on institution income also dividends. Nations generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes declared above, so you can easily do your tax estimates both individual or legal institutions.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax estimation in their regular job. Hope this helps you all.
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