The word tax taken from the Latin ‘taxo’ which means obligatory economy costs or several types of levies imposed on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with refusal 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 countries own a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual income. Most nations foist taxes on corporate income and dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes stated above, so you can easily do your tax estimates both personal or legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do entity tax calculations in their daily work. Hope this inspires you all.
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