The phrase tax taken from the Latin ‘taxo’ which means mandatory monetary fees or several types of levies foisted on taxpayers, taxpayers can be personals or another legal entities. Failure to pay, together with nonacceptance of taxation, can be punished by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized 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 revenue, but most retribution scales are based on annual revenue. Most nations force taxes on corporate income also dividends. Nations commonly 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 or legal entities.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimation in their regular work. Hope this helps you all.
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