The word tax taken from the Latin ‘taxo’ which means mandatory economy fees or several types of levies forced on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual income. Most nations push taxes on institution income and dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various types of taxes stated above, so you could easily do your tax estimation both individual and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do institution tax estimation in their regular job. Hope this inspires you all.
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