The phrase retribution taken from the Latin ‘taxo’ which means obligatory financial fares or several categories of levies forced on taxpayers, taxpayers can be individuals or other legal institutions. Failure to pay, together with rejection of taxation, could be penalized by law. Tax consists of indirect or direct taxes and can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs also to build 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 revenue. Most nations impose taxes on corporate revenue also dividends. Countries frequently also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes mentioned above, so you can easily do your tax estimates both individual and legal organizations.
These templates can also be utilized for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their regular work. Hope this inspires you all.
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