The word tax taken from the Latin ‘taxo’ which means mandatory monetary costs or some classifications of levies foisted on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes also could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual income. Most countries push taxes on institution revenue or dividends. Countries commonly also impose 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 can easily do your tax calculations both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimates in their daily job. Hope this helps you all.
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