The phrase tax originally from the Latin ‘taxo’ which means compulsory economy fees or several kinds of levies imposed on taxpayers, taxpayers could be personals or another legal institutions. 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 nations have a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual income. Most countries foist taxes on corporate revenue and dividends. Countries generally also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various clasification of taxes declared above, so you can easily do your tax estimation both private and legal entities.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax estimation in their daily job. Hope this inspires you all.
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