The phrase tax taken from the Latin ‘taxo’ which means compulsory financial costs or several classifications of levies imposed on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of direct or indirect taxes or can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations push taxes on corporate revenue or dividends. Countries frequently also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both personal or legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their regular job. Hope this inspires you all.
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