The phrase tax taken from the Latin ‘taxo’ which means compulsory economy fees or several classifications of levies forced on taxpayers, taxpayers could be privates or another legal entities. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of indirect or direct taxes and could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual revenue. Most nations foist taxes on corporate revenue and dividends. Nations frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes mentioned above, so you could easily do your tax calculations both private and legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimation in their daily job. Hope this helps you all.
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