The phrase tax taken from the Latin ‘taxo’ which means mandatory financial fees or some classifications of levies foisted on taxpayers, taxpayers could be privates or other legal organizations. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of indirect or direct taxes and could 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 or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual revenue. Most nations foist taxes on institution revenue also dividends. Countries often also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes declared above, so you can easily do your tax calculations both private and legal institutions.
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 daily work. Hope this inspires you all.
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