The phrase tax originally from the Latin ‘taxo’ which means compulsory economy fees or some types of levies forced on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most nations have 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 private annual income, but most tax scales are based on annual revenue. Most nations impose taxes on institution income and dividends. Countries frequently also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes mentioned above, so you can easily do your tax estimates both individual or legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do company tax calculations in their regular work. Hope this helps you all.
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