The word tax comes from the Latin ‘taxo’ which means obligatory monetary fees or several classifications of levies foisted on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs or 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 countries foist taxes on institution income also dividends. Countries often also foist 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 institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do institution tax estimates in their daily work. Hope this helps you all.
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