The word tax comes from the Latin ‘taxo’ which means compulsory economy fees or several classifications of levies imposed on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most nations have a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual revenue. Most nations push taxes on corporate income and dividends. Nations commonly also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes mentioned above, so you can easily do your tax calculations both private and legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their regular work. Hope this inspires you all.
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