The phrase tax comes from the Latin ‘taxo’ which means obligatory financial fees or some categories of levies imposed on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual revenue. Most countries force taxes on institution revenue or dividends. Nations frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various categories of taxes declared above, so you could easily do your tax estimates both personal and legal institutions.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimation in their daily job. Hope this inspires you all.
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