The phrase tax taken from the Latin ‘taxo’ which means compulsory monetary fares or some classifications of levies foisted on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with declining of taxation, could be penalized 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 and to construct 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 impose taxes on corporate income or dividends. Countries frequently 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 can easily do your tax estimates both personal or legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax calculations in their regular work. Hope this inspires you all.
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