The word tax originally from the Latin ‘taxo’ which means mandatory monetary fees or several kinds of levies imposed on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual income. Most countries impose taxes on corporate income or dividends. Countries generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes stated above, so you could easily do your tax estimates both individual or legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax calculations in their daily job. Hope this helps you all.
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