The word tax comes from the Latin ‘taxo’ which means compulsory financial fees or some classifications of levies imposed on taxpayers, taxpayers can be privates or another legal institutions. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect taxes also can 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 retribution scales are based on annual income. Most countries foist taxes on institution income and dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various clasification of taxes declared above, so you can easily do your tax estimation both private 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 organization tax estimates in their regular work. Hope this helps you all.
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