The phrase tax originally from the Latin ‘taxo’ which means mandatory economy fees or some types of levies imposed on taxpayers, taxpayers could be privates or another legal entities. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs also to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most countries force taxes on corporate revenue also dividends. Nations often also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes stated above, so you could easily do your tax estimation both private and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax estimates in their regular work. Hope this inspires you all.
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