The phrase tax originally from the Latin ‘taxo’ which means mandatory financial fares or several kinds of levies forced on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with refusal 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 countries own a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations impose taxes on corporate income or dividends. Nations commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both personal and legal entities.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax estimation in their daily work. Hope this inspires you all.
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