The phrase tax comes from the Latin ‘taxo’ which means mandatory monetary costs or some categories of levies foisted on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with nonacceptance of taxation, can be punished by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual revenue. Most countries force taxes on corporate revenue or dividends. Countries generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both individual or legal organizations.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimation in their daily work. Hope this helps you all.
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