The phrase tax comes from the Latin ‘taxo’ which means compulsory monetary fares or some kinds of levies imposed on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with declining of taxation, could be punished by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized 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 income, but most tax scales are based on annual revenue. Most nations impose taxes on corporate revenue and dividends. Countries often also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various types of taxes declared above, so you can easily do your tax calculations both private and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their regular work. Hope this inspires you all.
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