The phrase tax originally from the Latin ‘taxo’ which means mandatory financial fares or several kinds of levies foisted on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect 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 and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most countries foist taxes on corporate revenue also dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various types of taxes declared above, so you can easily do your tax estimation both individual or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimates in their daily job. Hope this inspires you all.
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