The phrase tax originally from the Latin ‘taxo’ which means mandatory monetary fares or several kinds of levies foisted on taxpayers, taxpayers could be privates or another legal entities. Failure to pay, together with refusal 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 countries own a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most tax scales are based on annual revenue. Most countries force taxes on corporate revenue also dividends. Countries generally also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various clasification of taxes stated above, so you could easily do your tax calculations both personal or legal entities.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do institution tax estimates in their regular job. Hope this inspires you all.
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