The word tax taken from the Latin ‘taxo’ which means mandatory financial fees or several classifications of levies foisted on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes also can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual revenue. Most countries impose taxes on corporate revenue also dividends. Nations usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes stated above, so you can easily do your tax estimates both private and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimation in their regular work. Hope this inspires you all.
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