The word tax comes from the Latin ‘taxo’ which means obligatory economy fees or some categories of levies foisted on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with declining of taxation, can 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 countries have 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 personal annual revenue, but most retribution scales are based on annual income. Most countries force taxes on corporate revenue also dividends. Nations generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various categories of taxes stated above, so you could easily do your tax estimates both individual and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimates in their daily work. Hope this inspires you all.
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