The word retribution originally from the Latin ‘taxo’ which means compulsory economy costs or some classifications of levies forced on taxpayers, taxpayers could be individuals or other legal organizations. Failure to pay, together with nonacceptance of taxation, could be penalized by law. Tax consists of direct or indirect taxes or could be paid in the form of money or equivalent to labor.
Most nations own a tax system that is used to pay for public needs and to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most tax scales are based on annual revenue. Most nations impose taxes on corporate revenue or dividends. Countries usually also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This website supplies many templates of various clasification of taxes stated above, so you could easily do your tax estimation both individual and legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do entity tax estimation in their daily work. Hope this inspires you all.
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