The phrase retribution comes from the Latin ‘taxo’ which means compulsory monetary fares or some kinds of levies foisted on taxpayers, taxpayers could be personals or other legal institutions. Failure to pay, together with declining of taxation, can be penalized by law. Tax consists of direct or indirect taxes or 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. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most nations impose taxes on corporate revenue and dividends. Nations often also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various types of taxes stated above, so you could easily do your tax calculations both individual or legal institutions.
These templates could also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their regular job. Hope this inspires you all.
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