The phrase tax originally from the Latin ‘taxo’ which means obligatory financial fares or some types of levies forced on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of indirect or direct taxes or can 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 or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual income. Most nations push taxes on corporate income or dividends. Countries commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes mentioned above, so you can easily do your tax estimates both individual and legal entities.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their regular work. Hope this inspires you all.
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