The word tax taken from the Latin ‘taxo’ which means mandatory monetary fares or several kinds of levies imposed on taxpayers, taxpayers can be personals or another legal entities. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual income. Most nations push taxes on corporate income and dividends. Countries usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimation both private or legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily job. Hope this helps you all.
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