The phrase tax comes from the Latin ‘taxo’ which means obligatory monetary fees or some categories of levies foisted on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual revenue. Most countries force taxes on corporate revenue also dividends. Nations frequently also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various clasification of taxes mentioned above, so you can easily do your tax estimates both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular job. Hope this inspires you all.
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