The word tax taken from the Latin ‘taxo’ which means compulsory economy fares or some types of levies foisted on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect taxes and could 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 build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual income. Most nations foist taxes on corporate revenue or dividends. Countries usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various clasification of taxes mentioned above, so you could easily do your tax estimates both private or legal entities.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do entity tax estimation in their daily work. Hope this inspires you all.
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