The word tax comes from the Latin ‘taxo’ which means mandatory financial fees or several kinds of levies foisted on taxpayers, taxpayers can be personals or another legal entities. Failure to pay, together with nonacceptance of taxation, can 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 nations own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most nations force taxes on institution revenue also dividends. Nations usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes declared above, so you could easily do your tax estimates both individual or legal institutions.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do company tax estimation in their daily job. Hope this inspires you all.
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