The phrase retribution taken from the Latin ‘taxo’ which means mandatory financial fares or several kinds of levies forced on taxpayers, taxpayers can be personals or other legal institutions. Failure to pay, together with refusal of taxation, could be penalized by law. Tax consists of indirect or direct taxes and could 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 or to construct 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 income. Most countries push taxes on institution revenue also dividends. Nations frequently also force property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site provides many templates of various categories of taxes declared above, so you could easily do your tax estimation both individual or legal entities.
These templates can also be used for students who study about taxes to complete their homework assignments. Also for employees who do institution tax calculations in their daily work. Hope this inspires you all.
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