The word tax taken from the Latin ‘taxo’ which means compulsory monetary fares or some categories of levies foisted on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries have 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 personal annual income, but most retribution scales are based on annual income. Most countries force taxes on institution income and dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various clasification of taxes stated 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 employees who do company tax estimates in their regular job. Hope this helps you all.
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