The phrase tax taken from the Latin ‘taxo’ which means obligatory economy fares or several categories of levies forced on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of indirect or direct taxes or could be paid in the form of money or equivalent to labor.
Most countries 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 individual annual income, but most retribution scales are based on annual income. Most nations force taxes on institution revenue also dividends. Nations frequently also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various types of taxes stated above, so you can easily do your tax estimates both private 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 corporate tax estimation in their daily work. Hope this helps you all.
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