The word tax originally from the Latin ‘taxo’ which means obligatory monetary fares or some types of levies imposed on taxpayers, taxpayers can be individuals or other legal entities. Failure to pay, together with nonacceptance of taxation, can be punished by law. Tax consists of indirect or direct taxes and 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 also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of private annual revenue, but most tax scales are based on annual revenue. Most nations impose taxes on institution revenue or dividends. Countries frequently also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website supplies many templates of various categories of taxes mentioned above, so you can easily do your tax calculations both individual and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax calculations in their daily job. Hope this helps you all.
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