The phrase tax originally from the Latin ‘taxo’ which means compulsory economy fees or some categories of levies foisted on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with nonacceptance of taxation, could 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 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 individual annual revenue, but most retribution scales are based on annual income. Most nations force taxes on corporate income also dividends. Nations often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes declared above, so you can easily do your tax estimation both individual and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their regular work. Hope this helps you all.
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