The word tax originally from the Latin ‘taxo’ which means obligatory financial fees or several types of levies foisted on taxpayers, taxpayers can be personals or other legal entities. Failure to pay, together with declining of taxation, could be punished by law. Tax consists of direct or indirect taxes or could 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 private annual revenue, but most retribution scales are based on annual income. Most countries push taxes on corporate income or dividends. Countries commonly also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes stated above, so you could easily do your tax estimates both private and legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their daily job. Hope this inspires you all.
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