The word tax taken from the Latin ‘taxo’ which means obligatory economy fees or several categories of levies forced on taxpayers, taxpayers can be personals or other legal entities. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of direct or indirect taxes also could 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 or to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual income. Most countries foist taxes on institution income or dividends. Countries usually also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various categories of taxes stated above, so you can easily do your tax estimation both private and legal institutions.
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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