The word tax comes from the Latin ‘taxo’ which means compulsory financial fares or several types of levies imposed on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes and could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs also to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual revenue. Most countries force taxes on institution revenue and dividends. Nations generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes stated above, so you could easily do your tax calculations both personal 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 organization tax calculations in their regular job. Hope this helps you all.
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