The phrase tax originally from the Latin ‘taxo’ which means mandatory financial costs or some kinds of levies imposed 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 indirect or direct taxes or can be paid in the form of money or equivalent to labor.
Most countries own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most nations impose taxes on corporate revenue also dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various categories of taxes stated above, so you could easily do your tax estimates both individual or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax calculations in their regular job. Hope this inspires you all.
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