The phrase tax taken from the Latin ‘taxo’ which means mandatory financial fares or several kinds of levies imposed on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of indirect or direct taxes also could be paid in the form of money or equivalent to labor.
Most countries 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 personal annual revenue, but most retribution scales are based on annual income. Most countries force taxes on corporate income also dividends. Countries generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes stated above, so you could easily do your tax estimation both private and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their regular work. Hope this inspires you all.
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