The word tax taken from the Latin ‘taxo’ which means compulsory financial fees or several kinds of levies forced on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes and 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 or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most countries impose taxes on corporate income also dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax calculations both personal and legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do entity tax estimates in their daily job. Hope this helps you all.
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