The phrase tax comes from the Latin ‘taxo’ which means compulsory economy costs or some types of levies foisted on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with rejection of taxation, can be punished by law. Tax consists of direct or indirect taxes also 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 and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual revenue. Most countries push taxes on corporate revenue also dividends. Nations usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes stated above, so you could easily do your tax estimation both private and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their daily job. Hope this helps you all.
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