The word tax taken from the Latin ‘taxo’ which means compulsory financial fees or some types of levies imposed on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect taxes or can be paid in the form of money or equivalent to labor.
Most countries own 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 revenue, but most tax scales are based on annual revenue. Most countries impose taxes on institution income or dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various clasification of taxes declared above, so you can easily do your tax estimates both personal and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their regular job. Hope this inspires you all.
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