The phrase tax taken from the Latin ‘taxo’ which means compulsory monetary fees or several categories of levies imposed on taxpayers, taxpayers could be personals or other legal organizations. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of indirect or direct taxes also 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 also to build 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 institution revenue or dividends. Countries commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various categories of taxes mentioned above, so you could easily do your tax estimates both personal or legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their daily job. Hope this helps you all.
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