The word retribution originally from the Latin ‘taxo’ which means compulsory financial costs or some classifications of levies forced on taxpayers, taxpayers could be individuals or another legal organizations. Failure to pay, together with declining of taxation, can be punished by law. Tax consists of direct or indirect taxes also could 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 individual annual revenue, but most retribution scales are based on annual revenue. Most countries impose taxes on corporate income and dividends. Countries frequently also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various categories of taxes stated above, so you can easily do your tax estimates both private or legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their daily work. Hope this inspires you all.
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