The phrase tax comes from the Latin ‘taxo’ which means mandatory monetary fares or some classifications of levies foisted on taxpayers, taxpayers could be personals or another legal entities. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most countries have 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 individual annual revenue, but most retribution scales are based on annual revenue. Most countries push taxes on institution income also dividends. Nations commonly 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 calculations both private or legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular job. Hope this helps you all.
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