The phrase retribution comes from the Latin ‘taxo’ which means compulsory monetary fees or some kinds of levies forced on taxpayers, taxpayers could be personals or another legal organizations. Failure to pay, together with rejection of taxation, could 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 own a tax system that is utilized 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 income. Most nations impose taxes on corporate income and dividends. Countries often also force 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 could easily do your tax estimates both personal and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do company tax estimates in their daily job. Hope this inspires you all.
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