The word tax taken from the Latin ‘taxo’ which means obligatory monetary costs or several categories of levies forced on taxpayers, taxpayers can be personals or other legal institutions. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of indirect or direct taxes also 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. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual income. Most nations push taxes on institution income also dividends. Nations usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes mentioned above, so you can easily do your tax calculations both private and legal entities.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do company tax estimation in their daily work. Hope this inspires you all.
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