The phrase tax comes from the Latin ‘taxo’ which means mandatory monetary fees or some types of levies forced on taxpayers, taxpayers can be privates or another legal organizations. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect taxes or 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 or 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 revenue. Most nations foist taxes on institution income or dividends. Nations usually also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various categories of taxes stated above, so you can easily do your tax calculations both individual or legal entities.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do company tax calculations in their daily job. Hope this helps you all.
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