The word tax taken from the Latin ‘taxo’ which means compulsory monetary costs or some kinds of levies forced on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes and 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 also to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most nations foist taxes on corporate revenue and dividends. Nations commonly also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both private or legal organizations.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimation in their regular work. Hope this inspires you all.
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