The phrase retribution comes from the Latin ‘taxo’ which means mandatory financial costs or several classifications of levies imposed on taxpayers, taxpayers can be privates or another legal organizations. Failure to pay, together with refusal of taxation, can be penalized by law. Tax consists of direct or indirect taxes or can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs and to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual income. Most nations foist taxes on corporate income or dividends. Countries generally also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various types of taxes declared above, so you can easily do your tax calculations both personal and legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for employees who do corporate tax estimates in their daily job. Hope this inspires you all.
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