The phrase tax originally from the Latin ‘taxo’ which means compulsory financial costs or some kinds of levies forced on taxpayers, taxpayers can be privates or other legal entities. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most countries own 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 individual annual income, but most tax scales are based on annual revenue. Most nations force taxes on institution revenue or dividends. Nations generally also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various types of taxes declared above, so you can easily do your tax calculations both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimation in their regular work. Hope this inspires you all.
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