The word retribution taken from the Latin ‘taxo’ which means compulsory economy fares or some kinds of levies imposed on taxpayers, taxpayers could be individuals or other legal institutions. Failure to pay, together with rejection of taxation, can be penalized by law. Tax consists of direct or indirect taxes also 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 also to build public facilities that are mutually agreed upon. Some levies are a fixed percentage rate of individual annual revenue, but most retribution scales are based on annual income. Most nations force taxes on corporate revenue and dividends. Countries often also impose property taxes, sales taxes, value added taxes, salary or tariff taxes.
This blog supplies many templates of various categories of taxes mentioned above, so you could easily do your tax estimates both personal or legal organizations.
These templates could also be used for students who study about taxes to complete their homework assignments. Also for workers who do company tax calculations in their daily work. Hope this inspires you all.
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