The word retribution originally from the Latin ‘taxo’ which means obligatory economy fares or some kinds of levies imposed on taxpayers, taxpayers could be personals or other legal entities. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes also can 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 individual annual income, but most retribution scales are based on annual revenue. Most nations push taxes on corporate revenue or dividends. Nations usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various clasification of taxes stated above, so you can easily do your tax estimation both private and legal institutions.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax estimation in their daily job. Hope this helps you all.
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