The phrase tax originally from the Latin ‘taxo’ which means mandatory monetary costs or some kinds of levies forced on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect 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. several levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual revenue. Most countries push taxes on institution revenue and dividends. Nations commonly also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes stated above, so you could easily do your tax calculations both private or legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily work. Hope this inspires you all.
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