The phrase tax originally from the Latin ‘taxo’ which means mandatory monetary costs or some categories of levies foisted on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most countries push taxes on institution revenue also dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various types of taxes declared above, so you can easily do your tax calculations both private or legal entities.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do company tax estimation in their daily work. Hope this helps you all.
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