The phrase tax originally from the Latin ‘taxo’ which means compulsory economy fees or some types of levies foisted on taxpayers, taxpayers can be personals or other legal organizations. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized to pay for public needs also to build public facilities that are mutually agreed upon. Some 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 or dividends. Countries often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various categories of taxes declared above, so you could easily do your tax calculations both private or legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular job. Hope this inspires you all.
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