The word tax taken from the Latin ‘taxo’ which means obligatory monetary fees or some categories of levies forced on taxpayers, taxpayers could be personals or another legal institutions. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of direct or indirect 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 and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual revenue. Most countries foist taxes on institution income also dividends. Nations frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various categories of taxes stated above, so you could easily do your tax estimates both private or legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax calculations in their regular work. Hope this inspires you all.
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