The word tax taken from the Latin ‘taxo’ which means compulsory monetary fares or some types of levies imposed on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with rejection of taxation, could be punished by law. Tax consists of indirect or direct taxes and could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used 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 revenue, but most tax scales are based on annual revenue. Most countries force taxes on institution income or dividends. Nations often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various types of taxes stated above, so you could easily do your tax estimation both private and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily work. Hope this helps you all.
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