The word tax taken from the Latin ‘taxo’ which means compulsory financial costs or several kinds of levies forced on taxpayers, taxpayers could be privates or another legal entities. Failure to pay, together with nonacceptance of taxation, can be punished by law. Tax consists of direct or indirect taxes also can be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized 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 income, but most retribution scales are based on annual revenue. Most nations impose taxes on corporate revenue and dividends. Nations usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes declared above, so you could easily do your tax calculations both private or legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their daily job. Hope this inspires you all.
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