The word tax taken from the Latin ‘taxo’ which means obligatory economy costs or some types of levies forced on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes also can 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 construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations foist taxes on institution income or dividends. Nations usually also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various categories of taxes mentioned above, so you could easily do your tax estimation both personal and legal entities.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax estimates in their daily work. Hope this inspires you all.
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