The word tax comes from the Latin ‘taxo’ which means compulsory economy fares or several kinds of levies forced on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with nonacceptance of taxation, could be penalized 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. 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 corporate revenue or dividends. Nations usually also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various categories of taxes stated above, so you could easily do your tax estimation both private and legal institutions.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimates in their daily job. Hope this helps you all.
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