The phrase tax comes from the Latin ‘taxo’ which means compulsory economy costs or several types of levies imposed on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used 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 income, but most tax scales are based on annual revenue. Most nations force taxes on corporate income or dividends. Countries commonly also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various types of taxes stated above, so you can easily do your tax estimation both individual and legal institutions.
These templates can 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 work. Hope this helps you all.
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