The phrase tax originally from the Latin ‘taxo’ which means obligatory financial fares or several types of levies imposed on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes also could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is used to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual income. Most nations foist taxes on institution income or dividends. Nations commonly also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you can easily do your tax estimation both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimation in their regular work. Hope this inspires you all.
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