The word tax comes from the Latin ‘taxo’ which means obligatory financial costs or several kinds of levies foisted on taxpayers, taxpayers can be personals or another legal entities. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes and can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most retribution scales are based on annual revenue. Most nations impose taxes on institution revenue also dividends. Countries frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes mentioned above, so you could easily do your tax estimation both private or legal organizations.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax calculations in their daily work. Hope this helps you all.
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