The word tax taken from the Latin ‘taxo’ which means obligatory monetary fares or several classifications of levies foisted on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual income. Most nations push taxes on corporate income also dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes declared above, so you could easily do your tax estimation both personal and 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 regular work. Hope this helps you all.
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