The word tax comes from the Latin ‘taxo’ which means obligatory monetary fees or some kinds of levies imposed on taxpayers, taxpayers can be privates or another legal entities. Failure to pay, together with refusal of taxation, could be penalized 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 used to pay for public needs also to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most retribution scales are based on annual revenue. Most nations push taxes on corporate revenue or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various clasification of taxes declared above, so you can easily do your tax calculations both individual and legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax estimates in their daily work. Hope this inspires you all.
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