The phrase tax comes from the Latin ‘taxo’ which means compulsory economy fees or several categories of levies foisted on taxpayers, taxpayers could be personals or another legal entities. 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 nations own a tax system that is utilized 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 revenue, but most retribution scales are based on annual revenue. Most nations impose taxes on corporate income also dividends. Nations usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes stated above, so you can easily do your tax estimation both individual and legal entities.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do company tax estimation in their regular work. Hope this helps you all.
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