The word tax taken from the Latin ‘taxo’ which means obligatory monetary costs or some kinds of levies forced on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of indirect or direct taxes and can 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 and to build 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 nations impose taxes on corporate income and dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimates both personal or legal organizations.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax estimates in their daily work. Hope this helps you all.
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