The phrase tax comes from the Latin ‘taxo’ which means obligatory monetary fees or several categories of levies forced on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with refusal 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 countries have a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations foist taxes on corporate income or dividends. Countries generally also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various clasification of taxes stated above, so you can easily do your tax estimates both private or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their regular job. Hope this helps you all.
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