The word tax originally from the Latin ‘taxo’ which means compulsory economy fees or several classifications of levies forced on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most nations force taxes on corporate income also dividends. Nations commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes declared above, so you can easily do your tax calculations both personal and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their regular job. Hope this helps you all.
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