The word retribution comes from the Latin ‘taxo’ which means obligatory financial fees or some types of levies foisted on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with nonacceptance of taxation, can be penalized by law. Tax consists of indirect or direct taxes and 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 and to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual revenue. Most countries foist taxes on corporate revenue also dividends. Countries usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various categories of taxes mentioned above, so you can easily do your tax estimates both individual and legal entities.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do organization tax estimates in their daily work. Hope this inspires you all.
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