The word tax comes from the Latin ‘taxo’ which means obligatory economy costs or some categories of levies foisted on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of indirect or direct 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 or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most countries push taxes on institution revenue or dividends. Countries commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various clasification of taxes declared above, so you could easily do your tax estimates both personal and legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily job. Hope this helps you all.
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