The word tax originally from the Latin ‘taxo’ which means mandatory financial fares or several types of levies foisted on taxpayers, taxpayers could be privates or another legal organizations. Failure to pay, together with rejection of taxation, can be punished by law. Tax consists of indirect or direct taxes also could 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 or to construct 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 revenue. Most countries foist taxes on institution income or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various categories of taxes stated above, so you could easily do your tax estimation both individual and legal institutions.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimation in their daily job. Hope this inspires you all.
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