The word retribution taken from the Latin ‘taxo’ which means obligatory monetary fares or some types of levies imposed on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with refusal of taxation, can be punished by law. Tax consists of indirect or direct taxes also could be paid in the form of money or equivalent to labor.
Most countries have a tax system that is utilized to pay for public needs or to construct public facilities that are mutually agreed upon. several levies are a fixed percentage rate of personal annual revenue, but most tax scales are based on annual revenue. Most nations foist taxes on institution revenue or dividends. Countries often also impose value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog supplies many templates of various categories of taxes stated above, so you can easily do your tax calculations both individual or legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax estimates in their daily job. Hope this helps you all.
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