The word tax comes from the Latin ‘taxo’ which means mandatory economy costs or several types of levies imposed on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs or 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 revenue. Most nations force taxes on institution income also dividends. Nations generally also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes mentioned above, so you can easily do your tax estimation both individual or legal entities.
These templates could also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimates in their daily job. Hope this inspires you all.
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