The phrase tax comes from the Latin ‘taxo’ which means obligatory financial costs or several categories of levies imposed on taxpayers, taxpayers can be privates or another legal institutions. Failure to pay, together with refusal of taxation, can 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 have a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations impose taxes on corporate income or dividends. Nations often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various types of taxes stated above, so you can easily do your tax calculations both personal and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do company tax calculations in their regular job. Hope this inspires you all.
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