The phrase retribution originally from the Latin ‘taxo’ which means compulsory monetary fees or some categories of levies imposed on taxpayers, taxpayers can be individuals or other legal organizations. Failure to pay, together with refusal of taxation, could be punished by law. Tax consists of indirect or direct taxes and can 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 and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual income. Most nations impose taxes on institution income also dividends. Countries usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes declared above, so you can easily do your tax calculations both private or legal organizations.
These templates can also be utilized for students who study about taxes to complete their homework assignments. Also for employees who do organization tax estimation in their regular job. Hope this inspires you all.
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