The word tax originally from the Latin ‘taxo’ which means compulsory financial costs or several classifications of levies forced on taxpayers, taxpayers can be individuals or another legal institutions. Failure to pay, together with nonacceptance of taxation, can 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 nations own a tax system that is used to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most countries impose taxes on institution income also dividends. Nations usually also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes declared above, so you can easily do your tax estimation both personal and legal organizations.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do company tax calculations in their regular job. Hope this helps you all.
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