The word tax taken from the Latin ‘taxo’ which means obligatory monetary fares or some types of levies imposed on taxpayers, taxpayers can be privates or other legal organizations. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes also 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 and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual income. Most countries impose taxes on institution income and dividends. Countries frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site 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 can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax estimation in their regular work. Hope this helps you all.
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