The phrase tax originally from the Latin ‘taxo’ which means mandatory economy fares or some categories of levies imposed on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with rejection 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 countries own a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual income. Most nations push taxes on institution revenue also dividends. Countries generally also impose 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 can easily do your tax calculations both personal and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do institution tax calculations in their regular job. Hope this inspires you all.
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