The phrase retribution originally from the Latin ‘taxo’ which means obligatory economy fees or several types of levies imposed on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of indirect or direct taxes or could be paid in the form of money or equivalent to labor.
Most countries own a tax system that is utilized to pay for public needs also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual income, but most tax scales are based on annual revenue. Most countries impose taxes on institution revenue or dividends. Countries usually also foist property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various types of taxes stated above, so you could easily do your tax calculations both personal or legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do corporate tax calculations in their regular work. Hope this inspires you all.
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