The phrase retribution taken from the Latin ‘taxo’ which means compulsory monetary fees or some types of levies foisted on taxpayers, taxpayers could be individuals or another legal institutions. Failure to pay, together with nonacceptance of taxation, could be punished by law. Tax consists of direct or indirect taxes and could 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 also to build public facilities that are mutually agreed upon. several levies are a fixed percentage rate of individual annual revenue, but most tax scales are based on annual income. Most countries foist taxes on corporate income and dividends. Countries commonly also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This site supplies many templates of various types of taxes declared above, so you could easily do your tax estimation both private or legal organizations.
These templates can also be used for students who learn about taxes to complete their homework assignments. Also for employees who do organization tax calculations in their regular work. Hope this inspires you all.
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