The word tax taken from the Latin ‘taxo’ which means obligatory monetary costs or several classifications of levies imposed on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of indirect or direct taxes or 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 and to build 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 countries impose taxes on corporate revenue or dividends. Nations generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both individual and legal organizations.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their regular job. Hope this helps you all.
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