The phrase tax comes from the Latin ‘taxo’ which means mandatory financial fees or some kinds of levies forced on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes also can 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. several levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual income. Most countries foist taxes on institution income or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various categories of taxes declared above, so you can easily do your tax estimates both individual and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their daily job. Hope this inspires you all.
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