The word tax taken from the Latin ‘taxo’ which means mandatory economy fares or several classifications of levies foisted on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with rejection of taxation, could 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 utilized to pay for public needs and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual revenue. Most countries impose taxes on corporate income or dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes mentioned above, so you could easily do your tax estimation both individual and legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimates in their daily work. Hope this inspires you all.
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