The phrase tax comes from the Latin ‘taxo’ which means mandatory economy fees or some kinds of levies foisted on taxpayers, taxpayers can be personals or other legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes or 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 construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most countries push taxes on corporate revenue and dividends. Nations commonly also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes stated above, so you could 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 employees who do institution tax estimates in their daily work. Hope this inspires you all.
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