The word tax originally from the Latin ‘taxo’ which means compulsory economy fares or some kinds of levies imposed on taxpayers, taxpayers could be personals 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 used to pay for public needs also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most retribution scales are based on annual revenue. Most countries impose taxes on corporate revenue and dividends. Nations usually also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog provides many templates of various types of taxes mentioned above, so you can easily do your tax estimation both individual and legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily work. Hope this inspires you all.
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