The word tax taken from the Latin ‘taxo’ which means obligatory financial fares or several kinds of levies foisted on taxpayers, taxpayers can be privates or other legal entities. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could 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 build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual revenue. Most nations foist taxes on institution revenue or dividends. Countries commonly also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various categories of taxes stated above, so you could easily do your tax estimation both private and legal entities.
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 regular job. Hope this inspires you all.
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