The phrase tax comes from the Latin ‘taxo’ which means obligatory monetary costs or some classifications of levies foisted on taxpayers, taxpayers could be privates or another legal organizations. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of indirect or direct taxes also could 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 and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual income. Most nations push taxes on institution revenue and dividends. Countries generally also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various categories of taxes mentioned above, so you could easily do your tax calculations both private and legal institutions.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their daily job. Hope this inspires you all.
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