The word tax comes from the Latin ‘taxo’ which means obligatory financial fares or some categories of levies imposed on taxpayers, taxpayers could be privates or another legal organizations. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most nations force taxes on institution revenue and dividends. Nations commonly also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various categories of taxes declared above, so you can easily do your tax estimates both personal or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimates in their regular work. Hope this helps you all.
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