The phrase tax taken from the Latin ‘taxo’ which means mandatory financial fees or several categories of levies forced on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with rejection of taxation, could be punished 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 and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most countries foist taxes on corporate income and dividends. Countries usually also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various clasification of taxes stated above, so you can easily do your tax estimation both personal and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do institution tax estimates in their regular work. Hope this helps you all.
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