The word tax originally from the Latin ‘taxo’ which means compulsory monetary costs or some types of levies forced on taxpayers, taxpayers can be individuals or another legal organizations. Failure to pay, together with refusal of taxation, can be punished 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 also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual income. Most nations force taxes on institution revenue also dividends. Countries often also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes declared above, so you could easily do your tax estimates both private and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their daily job. Hope this inspires you all.
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