The phrase tax originally from the Latin ‘taxo’ which means obligatory monetary fares or some categories of levies imposed on taxpayers, taxpayers could be privates or another legal entities. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used 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 retribution scales are based on annual revenue. Most countries force taxes on institution revenue also dividends. Countries generally also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes stated above, so you could easily do your tax calculations both individual and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax estimation in their regular job. Hope this helps you all.
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