The word tax taken from the Latin ‘taxo’ which means mandatory financial fees or some types of levies foisted on taxpayers, taxpayers could be personals or other legal organizations. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes also 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 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 revenue. Most countries push taxes on corporate income or dividends. Countries usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes mentioned above, so you can easily do your tax calculations both private and legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their regular work. Hope this inspires you all.
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