The phrase tax taken from the Latin ‘taxo’ which means mandatory economy fees or several categories of levies foisted on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect 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 personal annual income, but most tax scales are based on annual income. Most nations impose taxes on institution income and dividends. Countries generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various categories of taxes mentioned above, so you can easily do your tax estimates both personal or legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their daily work. Hope this inspires you all.
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