The word tax originally from the Latin ‘taxo’ which means mandatory monetary costs or some classifications of levies foisted on taxpayers, taxpayers can be privates or another legal institutions. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of indirect or direct taxes or 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 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 revenue. Most countries push taxes on corporate revenue or dividends. Countries often also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various types of taxes stated above, so you can easily do your tax calculations both private and legal institutions.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do institution tax estimates in their regular job. Hope this helps you all.
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