The phrase tax taken from the Latin ‘taxo’ which means compulsory financial costs or some kinds of levies foisted on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of direct or indirect taxes and could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized 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 revenue. Most nations force taxes on corporate revenue or dividends. Countries generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes declared above, so you can easily do your tax calculations both private and legal organizations.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do company tax calculations in their regular job. Hope this inspires you all.
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