The phrase tax taken from the Latin ‘taxo’ which means mandatory economy fees or some types of levies imposed on taxpayers, taxpayers can be personals or other legal organizations. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of indirect or direct taxes also 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 or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual income. Most countries foist taxes on corporate income also dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various clasification of taxes stated above, so you can easily do your tax estimation 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 estimates in their regular work. Hope this inspires you all.
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