The word tax originally from the Latin ‘taxo’ which means obligatory economy fees or some types of levies imposed on taxpayers, taxpayers could be privates or another legal institutions. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries own 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 individual annual income, but most retribution scales are based on annual revenue. Most countries push taxes on corporate income or dividends. Nations frequently also foist 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 can easily do your tax estimates both individual or legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their regular job. Hope this inspires you all.
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