The phrase tax comes from the Latin ‘taxo’ which means obligatory financial fares or some types of levies imposed on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with nonacceptance 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 countries have a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most countries push taxes on institution income or dividends. Countries usually also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes stated above, so you can easily do your tax calculations both individual or legal organizations.
These templates can also be utilized 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 helps you all.
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