The word tax originally from the Latin ‘taxo’ which means obligatory economy fares or several kinds of levies imposed on taxpayers, taxpayers can be privates or other legal organizations. Failure to pay, together with rejection of taxation, can be punished 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 used to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations foist taxes on institution income also dividends. Nations commonly also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes mentioned above, so you can easily do your tax calculations both personal or legal entities.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do institution tax estimation in their regular work. Hope this inspires you all.
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