The word tax comes from the Latin ‘taxo’ which means compulsory economy fees or several classifications of levies imposed on taxpayers, taxpayers can be privates or other legal entities. Failure to pay, together with nonacceptance of taxation, can 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 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 retribution scales are based on annual revenue. Most countries foist taxes on corporate revenue and dividends. Nations generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes mentioned above, so you can easily do your tax calculations both individual or legal institutions.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for employees who do entity tax calculations in their regular work. Hope this helps you all.
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