The word retribution comes from the Latin ‘taxo’ which means compulsory financial costs or some types of levies forced on taxpayers, taxpayers can be personals or another legal organizations. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes or can 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 or to build 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 push taxes on corporate revenue or dividends. Nations often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various clasification of taxes stated above, so you can easily do your tax estimation 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 estimation in their daily job. Hope this helps you all.
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