The word tax taken from the Latin ‘taxo’ which means mandatory monetary fares or several classifications of levies forced on taxpayers, taxpayers could be personals or other legal organizations. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized to pay for public needs and to construct 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 countries force taxes on corporate revenue also dividends. Nations often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various types of taxes mentioned above, so you could easily do your tax estimates both personal and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do institution tax estimates in their daily work. Hope this inspires you all.
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