The phrase retribution comes from the Latin ‘taxo’ which means mandatory monetary fees or some kinds of levies imposed on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of indirect or direct taxes or could be paid in the form of money or equivalent to labor.
Most nations have a tax system that is utilized to pay for public needs or to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual revenue. Most nations force taxes on corporate income or dividends. Nations often also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes stated above, so you could easily do your tax estimates both individual or legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do corporate tax estimation in their regular job. Hope this inspires you all.
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