The word tax comes from the Latin ‘taxo’ which means obligatory economy fares or some classifications of levies foisted on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect taxes or 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 build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most countries foist taxes on institution income also dividends. Countries usually also force 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 could easily do your tax calculations both personal 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 corporate tax estimates in their regular work. Hope this helps you all.
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