The word retribution comes from the Latin ‘taxo’ which means obligatory financial costs or several kinds of levies forced on taxpayers, taxpayers could be individuals or other legal entities. Failure to pay, together with declining of taxation, could be penalized by law. Tax consists of direct or indirect taxes or can be paid in the form of money or equivalent to labor.
Most countries have a tax system that is used to pay for public needs and to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of private annual income, but most tax scales are based on annual revenue. Most nations foist taxes on institution income or dividends. Nations usually also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This blog provides many templates of various types of taxes declared above, so you can easily do your tax calculations both individual or legal entities.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for workers who do organization tax calculations in their daily work. Hope this inspires you all.
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