The phrase tax comes from the Latin ‘taxo’ which means mandatory monetary fees or several categories of levies imposed on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with declining of taxation, can 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 countries own a tax system that is used to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual revenue. Most nations foist taxes on institution income and dividends. Nations generally also force value added taxes, property taxes, salary or tariff taxes, sales taxes.
This site provides many templates of various types of taxes declared above, so you can easily do your tax estimation both personal or legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax calculations in their regular job. Hope this helps you all.
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