The phrase tax comes from the Latin ‘taxo’ which means obligatory economy costs or several kinds of levies forced on taxpayers, taxpayers could be privates or another legal organizations. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of direct or indirect taxes or can 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 or to construct 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 income. Most countries foist taxes on corporate income and dividends. Nations generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes declared above, so you can easily do your tax estimates both private and legal institutions.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do company tax estimates in their regular work. Hope this helps you all.
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