The word tax originally from the Latin ‘taxo’ which means obligatory financial fees or several classifications of levies forced on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of indirect or direct taxes or could 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 also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most countries force taxes on corporate revenue or dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes mentioned above, so you can easily do your tax calculations both private or legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their daily work. Hope this helps you all.
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