The word retribution originally from the Latin ‘taxo’ which means obligatory monetary fares or several categories of levies forced on taxpayers, taxpayers can be individuals or another legal entities. Failure to pay, together with rejection of taxation, can be punished by law. Tax consists of direct or indirect taxes and 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 or to construct 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 countries force taxes on corporate revenue or dividends. Countries often also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website provides many templates of various clasification of taxes declared above, so you could easily do your tax estimation both private or legal institutions.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do entity tax calculations in their daily work. Hope this helps you all.
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