The word tax taken from the Latin ‘taxo’ which means obligatory monetary costs or several kinds of levies imposed on taxpayers, taxpayers could be privates or other legal entities. Failure to pay, together with rejection of taxation, could 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 nations own a tax system that is used to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual revenue, but most retribution scales are based on annual income. Most countries impose taxes on corporate income and dividends. Countries frequently also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes mentioned above, so you can easily do your tax estimation both private or legal organizations.
These templates could also be utilized for students who study about taxes to complete their homework assignments. Also for workers who do organization tax calculations in their daily job. Hope this helps you all.
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