The word tax taken from the Latin ‘taxo’ which means mandatory financial costs or several types of levies foisted on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of indirect or direct taxes also can 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 construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations force taxes on corporate income also dividends. Countries usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both personal or legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their regular work. Hope this helps you all.
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