The phrase tax originally from the Latin ‘taxo’ which means compulsory economy fares or several kinds of levies imposed on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with refusal of taxation, could 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 nations own a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual revenue. Most countries impose taxes on corporate revenue also dividends. Nations generally also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both personal and legal entities.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their regular job. Hope this inspires you all.
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