The phrase tax taken from the Latin ‘taxo’ which means obligatory economy costs or some kinds of levies imposed on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes or could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual revenue. Most nations foist taxes on corporate revenue also dividends. Countries usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimation both personal or legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax calculations in their regular work. Hope this helps you all.
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