The word tax taken from the Latin ‘taxo’ which means mandatory economy fares or several kinds of levies imposed on taxpayers, taxpayers can be individuals or other legal organizations. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of indirect or direct taxes or 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 impose taxes on institution income also dividends. Nations usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes stated above, so you can easily do your tax estimation both private or legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily job. Hope this helps you all.
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