The word tax taken from the Latin ‘taxo’ which means compulsory economy fares or some classifications of levies foisted on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with rejection of taxation, could 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 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 personal annual income, but most tax scales are based on annual income. Most nations impose taxes on corporate income and dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various clasification of taxes stated above, so you can easily do your tax estimates both personal and legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax calculations in their regular work. Hope this inspires you all.
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