The word tax taken from the Latin ‘taxo’ which means mandatory monetary fees or some categories of levies foisted on taxpayers, taxpayers could be individuals or another legal entities. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes also could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most nations impose 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 estimation both personal or legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do entity tax estimation in their regular job. Hope this inspires you all.
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