The phrase tax comes from the Latin ‘taxo’ which means mandatory monetary fees or some types of levies forced on taxpayers, taxpayers can be privates or other legal organizations. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of indirect or direct taxes also can 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 and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most nations impose taxes on institution revenue and dividends. Countries often also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various categories of taxes stated above, so you could easily do your tax estimates both personal or legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular work. Hope this helps you all.
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