The word retribution originally from the Latin ‘taxo’ which means compulsory financial costs or several classifications of levies foisted on taxpayers, taxpayers can be personals or other legal organizations. Failure to pay, together with rejection 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 own a tax system that is used to pay for public needs also to construct public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of personal annual income, but most retribution scales are based on annual revenue. Most nations foist taxes on institution revenue and dividends. Countries commonly also foist value added taxes, property taxes, salary or tariff taxes, sales taxes.
This website provides many templates of various types of taxes mentioned above, so you can easily do your tax estimates both private and legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for employees who do entity tax estimation in their regular job. Hope this inspires you all.
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